Republicans, Now in Charge, Abandon Deficit Reduction

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For eight years under President Obama, Republicans, often, and with great zeal, condemned the Obama administration for adding to the national debt.  In fact the GOP web site said:

President Obama has added more to the national debt than any other president in American history and we must fix his mistakes. Republicans believe that significant structural reforms, increased productivity, use of technology, and a smaller government are essential in balancing America’s budget. Republicans promote a transparent budget process where Congress is held responsible for its actions.”

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The Republicans are panicked today, struggling to get a tax bill passed.  The bill that has been presented by Republicans has been analyzed by the Joint Committee on Taxation, Congress’s nonpartisan scorekeeper.  That BIPARTISAN COMMITTEE reported that the current tax bill would not generate nearly as much economic growth over the next 10 years as Republicans had expected. As a result, the nation’s deficit would be $1 trillion higher.

The Republican Party has largely abandoned its platform of fiscal restraint, pivoting sharply in a way that could add trillions of dollars in federal debt over the next decade.

Cutting spending to balance the budget was almost religion to the Republican Party for much of the past eight years. But all year long, despite their control of the White House and Congress, Republicans have not taken steps to balance the budget, to overhaul entitlement programs such as Medicare and Medicaid, or to arrest the growth of the country’s $20 trillion in debt.

With the House passing a critical budget resolution this past week, GOP lawmakers are charging forwardnext week with plans to cut taxes in a way that could add more than $1.5 trillion to the government’s debt over 10 years, with the goal of legislation by early next month. That is on top of an effort to significantly increase military spending. White House officials say their focus is on growing the economy now and dealing with the debt later.  Isn’t it amazing that whoever is in control adopts the philosophy that somebody else will deal with the debt later.

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Mr. Trump, the master negotiator, has drawn what the White House calls a red line in negotiations at a corporate rate of 20 percent, putting Republicans in something of a box.

Republican Sens. Susan Collins of Maine, Jeff Flake of Arizona and Bob Corker of Tennessee seem to be the only Republicans that have a problem adding 1 TRILLION DOLLARS TO THE DEFICIT.
Republicans describe themselves as “fiscal conservatives.”  However, it is clear that they are only “fiscal conservatives” during election season.  Once elected they are focused on reelection and that means not raising taxes on any potential voters

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7 thoughts on “Republicans, Now in Charge, Abandon Deficit Reduction

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  1. Just over an hour till midnight – plenty of time to find Kellybland Conway guilty in her Hatch Act violation, take away her kids and cell phone, force a sandwich down her throat, and helicopter drop her in Guantanamo.


  2. In the late 70’s the Federal government’s debt was affecting the consumer interest rates. Home and auto loans were at double digit interest rates. Reagan campaigned on eliminating the Federal deficit. As you can see in the meme, he lied and tripled the deficit. Reagan, Bush, and now 45 treat the Federal budget like drunken pirates with a stolen gold card.

    Nothing but BS trickled down with their version of economics. The rich got richer, wages stalled, jobs went overseas, hours were dropped to eliminate benefits, and 1099, self employed, jobs sprung up. The stock markets no longer measured production; they merely showed how much money was moving among the wealthy. Stock markets were also deregulated into off site betting parlors where wealthy people bet that businesses would fail. (Google “9/11 Put Options to see how investors knew the attack was coming.)

    For those who carry a home equity loan or second mortgage, the media & Congress neglected to inform you the deduction will be eliminated with the new tax bill. Even the bankers got blindsided on that one. This hidden line of the tax bill is the slippery slope leading to the total elimination of mortgage interest deductions.


  3. Malia,if forced to try to “balance the budget,” the 21st century GOP and the White House will simply eliminate Social Security, Medicare and Medicaid. They’ve been anxious to do it for decades; here’s their opportunity. Our Congressman, a former Marine lieutenant general, doesn’t think any Americans deserve a “hand out” from the federal government. It always makes me wonder if he knows who paid his way for all those years . . . .


    1. Beaglemom,
      They always talk about the importance of balancing the budget, and cutting soc sec and medicare and medicaid, but when it comes down to a vote they don’t do it as they’d lose voters.


  4. Democrats must compile video of the last 10 years of Republicans concerned about the debt. Where is that DEBT clock? Where are the hawks? They must show EVERY penny wasted on this outrageous criminal act. Taxation without representation will create a major revolt and protest. Without the 99% the 1% will not survive.


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