Mr. Gramm has a nearly fanatical faith that Mr. McCain will alter the rotten GOP culture of overspending and even balance the budget in four years, which to Mr. Gramm is the Holy Grail of economic policy. He has it all mapped out: "John's going to cut the defense budget by making major changes in procurement. As we win the wars in Iraq and Afghanistan, we must use every penny of savings for deficit reduction. And we're going to restore strict fiscal spending targets like we had in the late 1990s."
This will cause gnashing of teeth among the war whore wingnuts.
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