Republicans worry about debt and deficits only when a Democrat is in the White House | Robert Mann

By Robert Mann

Have you noticed Republicans say they hate deficits? Have you heard their passionate rhetoric about the evils of the national debt? Maybe, like me, you thought when Republicans finally controlled Congress and the White House, they’d do something about the debt they’ve long denounced.

Well, they are doing something about it. They plan to blow it up with a tax-cut bill that would pile on an additional $1.67 trillion in debt over 10 years, according to the Congressional Budget Office. And this additional debt would be even greater were it not for Republican plans to repeal certain middle-class tax breaks, including the deduction for health expenses and the adoption tax credit.
This bill barreling through Congress is the latest evidence that Republicans worry about debt only when Democrats are in power. There is, apparently, Democratic debt (bad) and Republican debt (good).

Is this because Republican debt funds needless wars and massive tax cuts for billionaires? Or is it that Republicans care about government spending only when they can use it to vilify Democrats?

Let’s be clear how this bill would support tax cuts for corporations and billionaires. As The New York Times concluded, “Nearly half of all middle-class families would pay more in taxes in 2026 than they would under current rules if the proposed House tax bill became law, and about one-third would pay more in 2018.”

Just as troubling is what the Associated Press has reported: “Mark Zandi, chief economist at Moody’s Analytics, says the cost of the Republicans’ proposed tax cuts would add considerably to the federal debt burden, which now equals 75 percent of U.S. gross domestic product, the broadest measure of economic output. By 2027, Zandi says, that burden would equal 97 percent of GDP.”

One can imagine what Louisiana’s Republican congressional delegation might have said if Barack Obama’s policies increased the debt. Actually, there’s no need to imagine. Here’s what they said in recent months and years:

Sen. Bill Cassidy: “[O]ur national debt is not sustainable and, unless addressed, will sharply limit future prosperity for our children and grandchildren.”

Continue reading on NOLA.com at this link.

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9 Responses to Republicans worry about debt and deficits only when a Democrat is in the White House | Robert Mann

  1. Joe Delatte says:

    Thanks for this …

    I’ve asked Republicans, “ Can you name the last Republican president to balance the budget?”

    I’ve never received an answer. They have no moral authority to speak on the issue.

    J Delatte

    Like

    • Frank Campbell says:

      The answer Dwight Eisenhower to the question about balanced budget. Bill Clinton in 2001, from the best I can determine , was the last overall to have a balanced budget . So, you see, I like to deal with the truth no matter whose foot is stepped on.

      Like

  2. Stephen Winham says:

    We are now in an alternate universe whose leader is Donald Trump. Making outrageous claims and statements and passionately stating goals you have no intention of achieving and with the full realization there will be no repercussions has,as the POTUS celebrates his ascension to the throne a year ago, become the path to power for those who choose to follow his example and hitch their wagons to his star. Saying one thing and doing another has become acceptable, perhaps preferable, to honest representation. Why are we sitting idly by and letting this happen?

    Here’s something to ponder:

    Excerpt from 10/27/2017 article in “The Balance”:

    “The U.S. debt to China is $1.2 trillion as of August 2017. That’s 30 percent of the $3.05 trillion in Treasury bills, notes, and bonds held by foreign countries. The rest of the $20 trillion national debt is owned by either the American people or by the U.S. government itself. ”

    Think about what that means. Please.

    Liked by 1 person

  3. Frank Campbell says:

    I guess we’ll see. We already know what happened the previous to debt the previous
    8 years .

    Like

  4. Fredster says:

    So wait a minute. The Repubs are against a woman’s right to choose. But if she keeps it and gives birth, the adoptive parents can’t get a tax credit to help with the expenses of the adoption. Hmmm…not very “pro life” to me.

    Like

    • Stephen Winham says:

      My favorite Ralph Waldo Emerson quote:

      “A foolish consistency is the hobgoblin of little minds…”

      The POTUS and his adherents could use this as their vindication for the utter hypocrisy and inconsistently they expect us to accept. In that context it is particularly ironic that the quote continues:

      “…,adored by little statesmen, philosophers and divines.”

      Liked by 1 person

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