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lindysalsagal

(20,712 posts)
Thu Feb 8, 2018, 09:03 PM Feb 2018

Buh-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 don’t think there’s any question but that there’s 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.
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Buh-bye Tea Party: hello Republican Tax-and-Spenders! (Original Post) lindysalsagal Feb 2018 OP
K&R, and its only been Mathews that has shown how this spending it tied to the stock market crashing uponit7771 Feb 2018 #1
The tea-idiots will be back when the GOP needs them CanonRay Feb 2018 #2
hammer on the hypocrisy! Hermit-The-Prog Feb 2018 #3
I like to call them Credit Card Republicants Best_man23 Feb 2018 #4
THat one's gonna stick! Awesome! lindysalsagal Feb 2018 #5

uponit7771

(90,347 posts)
1. K&R, and its only been Mathews that has shown how this spending it tied to the stock market crashing
Thu Feb 8, 2018, 09:11 PM
Feb 2018

... because of increase in interest rate so we can have more debt.

The eventual middle class tax increase was stupid

Hermit-The-Prog

(33,380 posts)
3. hammer on the hypocrisy!
Thu Feb 8, 2018, 10:51 PM
Feb 2018

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.

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