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Mr. Sparkle

(2,928 posts)
Sat Nov 7, 2020, 08:23 AM Nov 2020

The GOP is all of a sudden very concerned about the national debt again

As they brace for a Biden-Harris administration, Republicans in Congress are turning to a familiar bogeyman.

As it becomes clear that Donald Trump will lose the White House to Joe Biden, Republicans have returned to one of their favorite pastimes: stoking fears about the national debt.

Senate Republicans have resumed their calls to cut government spending despite the U.S. economy's continued free fall during the coronavirus pandemic. Last month, Federal Reserve Chair Jerome Powell warned that the economy's downward spiral will only continue if the federal government fails to act.

"The expansion is still far from complete," Powell told members of the National Association for Business Economics. "Too little support would lead to a weak recovery, creating unnecessary hardship for households and businesses. Over time, household insolvencies and business bankruptcies would rise, harming the productive capacity of the economy, and holding back wage growth."

Powell added: "The right thing to do and the smart thing to do in the long run is to support those people as they return to their old jobs or find new jobs."

Sen. Lindsey Graham (R-SC) and his GOP colleagues have ignored economists' warnings, arguing that the U.S. government can somehow cut its way to economic prosperity.

"If we keep the Senate — which I think we will — and I become budget chairman, I'd like to create a dialogue about how can we finally begin to address the debt," Graham told Roll Call on Friday. "You'll see from me a reliable conservative, vote. You'll see from me, stopping an agenda I think is bad for the country."

On Thursday, Senate Majority Leader Mitch McConnell said the U.S. economy is "really moving" toward recovery.

"I did think the unemployment figure this morning of 6.9% is a stunning indication of a dramatic comeback of the economy," McConnell (R-KY) said at a press conference. "That coupled with the Gross Domestic Product growth in third-quarter indicates that our economy is really moving to get back on its feet."

With Democrats poised to retake the White House, Republicans in Congress have signaled a return to their strategy of crying wolf about the national debt to refuse any and every Democratic proposal that comes to the floor.

House Speaker Nancy Pelosi (D-CA) hit back at Republican officials on Friday.

"Sadly, instead of crushing the virus, it appears that the Trump administration will use its final moments in office and a desperate last step to destroy every possible protection for American health and wellbeing," Pelosi said.

"While we prepare for the new Biden administration, we must also move swiftly for a new Coronavirus Relief Bill, so we can do that. We want the Republicans to come back to the table, the White House leadership, whatever. For two days in a row, over 100,000 cases were reported. The imperative to act could not be greater."

https://americanindependent.com/republicans-national-debt-2020-election/

22 replies = new reply since forum marked as read
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The GOP is all of a sudden very concerned about the national debt again (Original Post) Mr. Sparkle Nov 2020 OP
Perpetual GOP tactic: run up the debt Wicked Blue Nov 2020 #1
If they're that concerned, they shouldn't have run it up the way they did PirateRo Nov 2020 #2
They're gonna hate the Biden stimulus package. 634-5789 Nov 2020 #3
How about each one of those despicables start out by donating 500 grand of their own money mtnsnake Nov 2020 #4
DOJ needs to investigate where the hell they got that kind of money. GoCubsGo Nov 2020 #12
Yep, they run it up and then start screaming that nothing can be afforded. Liberal In Texas Nov 2020 #5
As you stated. mindem Nov 2020 #22
Fine, then they won't object to one of Biden's DeminPennswoods Nov 2020 #6
Good idea JonLP24 Nov 2020 #18
Yeah, how can the GOP be against that? DeminPennswoods Nov 2020 #20
Get on your phones & work to get the 2 candidates in Ga. runoff elected to the Senate! The runoff napi21 Nov 2020 #7
This. Hanzzy72 Nov 2020 #9
Leverage health care to do this. ooky Nov 2020 #17
That tells me that they know MiniMe Nov 2020 #8
To paraphrase trump supporters. fuck your concerns. bullimiami Nov 2020 #10
Let's roll back the Trump tax cuts Buckeyeblue Nov 2020 #11
right on cue! mnmoderatedem Nov 2020 #13
"You'll see from me, stopping an agenda I think is bad for the country." keithbvadu2 Nov 2020 #14
We got to get those bdamomma Nov 2020 #15
That's no surprise. It's a proven fact Republicans ... Brother Mythos Nov 2020 #16
run up the debt under a r pres , then blame the dem pres for the debt. he. AllaN01Bear Nov 2020 #19
This has nothing to do with fiscal responsibility Dirty Socialist Nov 2020 #21

PirateRo

(933 posts)
2. If they're that concerned, they shouldn't have run it up the way they did
Sat Nov 7, 2020, 08:26 AM
Nov 2020

I think at this point, people are done listening to the Republican Party telling everyone what they can’t do.

mtnsnake

(22,236 posts)
4. How about each one of those despicables start out by donating 500 grand of their own money
Sat Nov 7, 2020, 08:29 AM
Nov 2020

to the national debt if they're so concerned about it.

GoCubsGo

(32,074 posts)
12. DOJ needs to investigate where the hell they got that kind of money.
Sat Nov 7, 2020, 08:55 AM
Nov 2020

Lindsey Graham, especially. He's not married to a billionaire, as McConnell, Loeffler, etc. He did not inherit it. He makes $174K/yr, and even if he sleeps in his office, it's hard to save up that kind of cash. And, that he's so willing to toss that amount out, suggests that there's more where that came from. Where the hell is he getting it?

Liberal In Texas

(13,530 posts)
5. Yep, they run it up and then start screaming that nothing can be afforded.
Sat Nov 7, 2020, 08:30 AM
Nov 2020

Like Social Security and Medicare.

This time when they start yelling about the deficit it needs to be countered by OK then, those tax cuts for the wealthy are gone. Oh, and money hidden overseas by corporations is now going to be taxed.

mindem

(1,580 posts)
22. As you stated.
Sat Nov 7, 2020, 10:10 AM
Nov 2020

And we don't need to continue spending close to a trillion dollars a year on the military.

DeminPennswoods

(15,265 posts)
6. Fine, then they won't object to one of Biden's
Sat Nov 7, 2020, 08:32 AM
Nov 2020

first legislative priorities, repealing the Trump tax cuts and raising taxes on those making 400+k/year and eliminating the income cap on SS and medicare FICA taxes. Dems should call it the Reducing the National Deficit and Debt Act.

napi21

(45,806 posts)
7. Get on your phones & work to get the 2 candidates in Ga. runoff elected to the Senate! The runoff
Sat Nov 7, 2020, 08:36 AM
Nov 2020

is in January & there are a LOT of young people turning 18 before the runoff. If we can urge a lot of those new voters to register, all the Dem voters who voted on Tuesday to vote again, & convince at least some of those who voted for the Pubs to switch this time, we can do it!

Hanzzy72

(51 posts)
9. This.
Sat Nov 7, 2020, 08:46 AM
Nov 2020

They lost the presidency...we're going to be in for one hell a fight since these seats will determine who controls the senate.

ooky

(8,906 posts)
17. Leverage health care to do this.
Sat Nov 7, 2020, 09:19 AM
Nov 2020

If the ACA is taken down by SCOTUS, a lot of Georgians with pre-existing conditions will suddenly need affordable health care and a Republican Majority in the Senate will not provide them with that. A Democratic Majority will.

MiniMe

(21,709 posts)
8. That tells me that they know
Sat Nov 7, 2020, 08:43 AM
Nov 2020

The repukes only care about debt when a dem is coming into office. They didn't care when W was President, but all of a sudden it was important when Obama won.

Buckeyeblue

(5,499 posts)
11. Let's roll back the Trump tax cuts
Sat Nov 7, 2020, 08:50 AM
Nov 2020

And then pass Biden's tax increases on those making over $400K annually.

mnmoderatedem

(3,722 posts)
13. right on cue!
Sat Nov 7, 2020, 09:00 AM
Nov 2020

debt and deficits only matter when a Democrat occupies the Oval Office, which they have likely conceded by now.

Expect much of the same regarding countless other issues as well.

keithbvadu2

(36,650 posts)
14. "You'll see from me, stopping an agenda I think is bad for the country."
Sat Nov 7, 2020, 09:07 AM
Nov 2020

"You'll see from me, stopping an agenda I think is bad for the country."

The republican agenda.

bdamomma

(63,795 posts)
15. We got to get those
Sat Nov 7, 2020, 09:12 AM
Nov 2020

2 Senators from Georgia in to stop Mitch and his bitch Lindsey.

I'm planning to contribute to both of them. Add 2 more Democratic Senators to the Senate.

Brother Mythos

(1,442 posts)
16. That's no surprise. It's a proven fact Republicans ...
Sat Nov 7, 2020, 09:15 AM
Nov 2020

only care about the national debt when a Democrat is in the White House.

There's no doubt Susan Collins et al. will become very concerned about the national debt on the afternoon of January 20, 2021.

Dirty Socialist

(3,252 posts)
21. This has nothing to do with fiscal responsibility
Sat Nov 7, 2020, 09:52 AM
Nov 2020

It has EVERYTHING to do with controlling the the government purse strings. The GOP is about CONTROL. They got what their greedy oligarchs want, so fuck you!

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