According to today's New York Post, Sen. John McCain told a gathering of the conservative Federalist Society last night:
"We lost our principles and our majority. And there is no way to recover our majority without recovering our principles first."
What Sen. McCain is referring to is Republican abdication of limited government and lower spending.
He is dead right.
I have been calling for a spending cap pay-go to balance the budget at today’s low tax rates. (See post below). The White House should work with the Congressional Republican minority and the conservative Democratic blue dogs to get a spending cap pay-go.
I’m glad to see Sen. McCain on board with this message.