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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBuh-bye Tea Party: hello Republican Tax-and-Spenders!
If there's any good news in this horrible administration, it's that he was able to kill the tea party in one short year.
The only question is if they're smart enough to know he just shot their dog. Morons.
https://www.washingtonpost.com/business/economy/republicans-are-completely-reversing-themselves-on-the-deficit/2018/02/07/1a693872-0c2c-11e8-8890-372e2047c935_story.html?hpid=hp_hp-top-table-main_deficiits-735pm%3Ahomepage%2Fstory&utm_term=.c0b9cea6209e
Republicans are completely reversing themselves on the deficit
By Damian Paletta and Erica Werner February 7 at 9:52 PM Email the author
Republican lawmakers in 2011 brought the U.S. government to the brink of default, refused to raise the debt ceiling, demanded huge spending cuts, and insisted on a constitutional amendment to balance the budget.
On Wednesday, they formally broke free from those fiscal principles and announced a plan that would add $500 billion in new spending over two years and suspend the debt ceiling until 2019. This came several months after Republicans passed a tax law that would add more than $1 trillion to the debt over a decade.
With all these changes, the annual gap between spending and revenue in 2019 is projected to eclipse $1.1 trillion, up from $439?billion in 2015. And they are expanding the deficit at an unusual time, when the economy is growing and unemployment is low, a dynamic that often leads to shrinking budget gaps.
I dont think theres any question but that theres a bury-your-head-in-the-sand view of the deficit and the debt issues relative to this Congress and this administration, said former senator Judd Gregg (R-N.H.), who once led the Senate Budget Committee.
uponit7771
(90,347 posts)... because of increase in interest rate so we can have more debt.
The eventual middle class tax increase was stupid
CanonRay
(14,110 posts)Hermit-The-Prog
(33,380 posts)This hypocrisy needs to be shouted out from every (real) media outlet and across the Internet.
Putin's Republican party wants the U.S. isolated, destabilized, bankrupt and ruled by oligarchs just like it was around 1890.
Best_man23
(4,900 posts)Charge it!!!