McCain's Economic Advisor: More Taxes?

A CNN Money article on the candidates’ advisors quotes McCain's economic advisor Douglas Holtz-Eakin saying (as I read it) that we're really going to have to raise taxes:

The country's "current fiscal policy is unsustainable, as even draconian restraint in the annual spending on defense and nondefense programs are insufficient to guarantee that the current level of taxation will be sufficient to cover promises to seniors in retirement and health programs."

As my fifteen-year-old daughter would say, “no duh.”

Okay, it’s actually a quote from a policy paper where he recommends that we need to—wait for it—cut taxes. I guess the Straight-Talk Express isn’t really about keeping promises.