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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe 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/
Wicked Blue
(5,817 posts)then blame it on the incoming Democratic administration.
PirateRo
(933 posts)I think at this point, people are done listening to the Republican Party telling everyone what they cant do.
634-5789
(4,175 posts)mtnsnake
(22,236 posts)to the national debt if they're so concerned about it.
GoCubsGo
(32,074 posts)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)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)And we don't need to continue spending close to a trillion dollars a year on the military.
DeminPennswoods
(15,265 posts)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.
JonLP24
(29,322 posts)DeminPennswoods
(15,265 posts)Expose their hypocrisy.
napi21
(45,806 posts)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!
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)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)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.
bullimiami
(13,075 posts)Buckeyeblue
(5,499 posts)And then pass Biden's tax increases on those making over $400K annually.
mnmoderatedem
(3,722 posts)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)"You'll see from me, stopping an agenda I think is bad for the country."
The republican agenda.
bdamomma
(63,795 posts)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)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.
AllaN01Bear
(17,982 posts)Dirty Socialist
(3,252 posts)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!