Deficits don't matter (again)! Paul Ryan promotes Congress' upcoming spending binge

WEDNESDAY, JAN 11, 2017 08:43 AM EST

Ryan said "You can't ever balance the budget if you don't get this economy growing." That's not what he said before

MATTHEW ROZSA

Despite characterizing themselves as the party of fiscal conservatism, Republicans are planning on pushing through a legislative agenda under President-elect Donald Trump that will cause the deficit to balloon.

These include an important method for repealing the Affordable Care Act, namely a budget resolution that will add $9 trillion to the debt by 2026. The actual Affordable Care Act repeal will eliminate more than $1 trillion in revenue that had been acquired through taxes included in the bill in order to maintain a balanced budget.

Finally, Republicans are considering passage of a spending bill in excess of $1 trillion to complete unfinished Cabinet budgets, one that is expected to include allocations for expensive Trump proposals like a wall on the U.S.-Mexican border.

“One of the things that we’re focusing on is getting people back to work, is economic growth,” House Speaker Paul Ryan said to reporters on Tuesday. “You can’t ever balance the budget if you don’t get this economy growing.”

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http://www.salon.com/2017/01/11/deficits-dont-matter-again-paul-ryan-promotes-congress-upcoming-spending-binge/