nav-left cat-right

Republicans and the Deficit

The mind still boggles that the party that screamed “deficit” for 8 years is trying to tell us that a $1.8 trillion increase in the deficit is really no big deal. Let alone their reason for suddenly wanting to put that sum on the national credit card.

(For those not paying attention, the proposed GOP tax cuts will increase the deficit $1.8 trillion – based on the GOP’s own extremely optimistic projections – in order to give 90% of that to the top 1% in the form of lower taxes. They are a bit vague on why this is so important right now… something about jobs and growth that no serious economic projections support. Nor do they explain why the last round of budget-busting tax cuts failed to do anything for the economy, much less why it would be different this time).

Leave a Reply

Your email address will not be published. Required fields are marked *