Sen McCain has presented some interesting proposals on what he would like to see Congress do this election cycle. Some of them strike me as incredibly irresponsible, some as very beneficial. But, I wonder how he expects to pay for ALL of them. Among the proposals (thank you AP/Yahoo): a "gas-tax holiday" by suspending the 18.4 cent federal gas tax and 24.4 cent diesel tax from Memorial Day to Labor Day stop adding to the Strategic Petroleum Reserve Education Department should work with the country's governors to make sure that each state's guarantee agency has both the means and the manpower to be the lender-of-last-resort for student loans Raise the tax exemption for each dependent child from $3,500 to $7,000 Require more affluent people couples making more than $160,000 enrolled in Medicare to pay a higher premium for their prescription drugs than less-wealthy people Offer people the option of choosing a simpler tax system with two tax rates and a standard deduction instead of sticking with the current system Suspend for one year all increases in discretionary spending for agencies other than those that cover the military and veterans while launching an expansive review of the effectiveness of federal program I like the idea idea of raising the dependent exemption, but I don't know about doubling it in one fell swoop (perhaps raise by $1k/year for 3, $500 for one). I also think the Medicare premium would be beneficial and reduce the strain on the M/M. The tax system, spending increase suspension, and the hold on the Strategic Reserve seem good, but I'm not sure about them. The gax-tax-suspension seems like a very bad idea. The college loan plan just isn't given enough discussion for me to have a feeling about.