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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIn a switch, GOP deserts its budget-cutting mantra
By Damian Paletta October 7 at 6:12 PM
The Republican Party has largely abandoned its platform of fiscal restraint, pivoting sharply in a way that could add trillions of dollars in federal debt over the next decade.
Cutting spending to balance the budget was almost religion to the Republican Party for much of the past eight years. But all year long, despite their control of the White House and Congress, Republicans have not taken steps to balance the budget, to overhaul entitlement programs such as Medicare and Medicaid, or to arrest the growth of the countrys $20?trillion in debt.
With the House passing a critical budget resolution this past week, GOP lawmakers are charging forward next week with plans to cut taxes in a way that could add more than $1.5?trillion to the governments debt over 10 years, with the goal of legislation by early next month. That is on top of an effort to significantly increase military spending. White House officials say their focus is on growing the economy now and dealing with the debt later. The moves come as the federal deficit, the difference between what the government earns in revenue and spends on programs, is growing more quickly. It will be $600?billion this year and is projected to reach $1.46?trillion in a decade, even without additional policy actions.
I felt there was a period, two or three years ago, when there was a real seriousness about trying to solve our fiscal issues, said Sen.?Bob Corker (R-Tenn.), a longtime deficit hawk who is part of a scarce group of Republicans consistently preaching restraint. When the election result turned out what it was [in November], any thought of fiscal responsibility has gone out the window.
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https://www.washingtonpost.com/business/economy/in-a-switch-gop-deserts-its-budget-cutting-mantra/2017/10/07/5a62b8be-a943-11e7-850e-2bdd1236be5d_story.html
Squinch
(50,950 posts)sharedvalues
(6,916 posts)This article misses the point.
The real issue that the GOP cares about is further enriching their billionaire donors.
So when Democrats are in power, the GOP talks about deficits to advocate for spending cuts.
When Republicans are in power, deficits go out the window as they advocate for tax cuts.
This is all pretty simple and the most surprising part is the media taking GOP words at face value. We know they lie continuously. So the media needs to start reporting the truth, not what they say.
bronxiteforever
(9,287 posts)They will continue until there are no taxes taken from the 1% and we live in a country where life is nasty, brutish and short.
sharedvalues
(6,916 posts)Media needs to protect the truth and stop repeating lies just because the GOP says them. They need to use their brains and talk about the true issues, not what the GOP wants us to think the issue is.
Trust Buster
(7,299 posts)Their goal with a Republican presidency is to starve the government of money by redirecting it to their political donors thus leaving the deficit in such bad shape that they demonize the vulnerable who depend on government programs as the reason for the deficit ills. By starving the government of revenue they create an environment ripe for cutting programs. THERE IS ABSOLUTELY NOTHING INCONSISTENT WITH THEIR BEHAVIOR. THIS HAS ALWAYS BEEN THEIR STRATEGY !!!
n2doc
(47,953 posts)Don't believe the hype. Yes, deficits will skyrocket, that doesn't mean they aren't cutting critical programs.
sharedvalues
(6,916 posts)Paul Krugman has been saying this for 20 years. Entirely consistent with GOP goals to enrich their donors.
If you think this behavior is a switch you don't deserve to be a journalist.