The GOP's New Policy Under Trump. Spend, Spend, Spend, Spend, And Spend Some More

[skews13]

Two words: Deficit spending.

In December, Republicans gleefully passed a tax bill that will add $1.5 trillion to the deficit and Donald Trump triumphantly signed it into law.

Last week, Republicans championed another bill that will inflate the deficit by another $400 billion in deficit spending and Trump quickly gave it his imprimatur.

But that's not enough deficit spending for the man who once dubbed himself 'the king of debt'—the leader of a party that spent years demonizing deficits and raising itself up as the party of so-called "fiscal responsibility."

The GOP's new mantra under Trump: Spend, spend, spend—and spend some more

 

[iceberg]

well it's a damn good thing obama was so frugal, huh?

 

[Timmy]

well it's a damn good thing obama was so frugal, huh?

Obama’s not in office .

How about addressing the behavior of the Cons who are supposed to be fiscally conservative?

 

[BULLDOG]

Trillion-dollar deficits will hit sooner than expected

It was only eight months ago that the Congressional Budget Office projected that deficits would again cross the $1 trillion threshold in 2022.

In the meantime, the Treasury Borrowing Advisory Committee expects the federal government will need to borrow $955 billion in fiscal year 2018, which ends on September 30. That's nearly twice what it borrowed the year before.

So why the expected jump?

First, Republicans passed a tax law that is estimated to add more than $1 trillion to deficits over the next 10 years. And that doesn't include the possible extension of the individual tax cuts, which expire at the end of 2025.

Congress then delayed three taxes under Obamacare, which would have raised revenue to the tune of $31 billion.

 

[IsaacNewton]

Bush took a $300 billion/year surplus that Clinton handed him and ballooned that to a $1.4 trillion/year deficit (yearly debt). The current crop of Republicans are on par to blow that gigantic financial clusterfuck out of the galaxy. They are utterly fanatically gleeful about spending money.

 

[blackhawk]

That has been the policy of both parties when they are in control for as far back as you want to go.