skews13
Diamond Member
- Mar 18, 2017
- 9,683
- 12,270
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One of the ways that Republicans demonstrate that they are the “post-truth” party is that, when Democrats are in office, they prioritize federal deficit reduction, but when they’re in charge, the deficit soars. Right on cue, the Wall Street Journal reported back in October that the federal deficit was about to reach $1 trillion.
The blue bars during the Obama years were a result of the Great Recession when federal revenues plummeted, the demand for safety net programs like unemployment insurance rose, and one-time stimulus spending was required to kick-start the economy. But as the Wall Street Journal pointed out, we are now in the midst of the longest economic expansion on record, which means that the deficit should be shrinking. Instead, it is ballooning. In a world where truth mattered, that would mean the end of the Republican line about how tax cuts pay for themselves.
The naked lie that Republicans are the party of ‘fiscally responsibility’ has been completely demolished – Alternet.org
The blue bars during the Obama years were a result of the Great Recession when federal revenues plummeted, the demand for safety net programs like unemployment insurance rose, and one-time stimulus spending was required to kick-start the economy. But as the Wall Street Journal pointed out, we are now in the midst of the longest economic expansion on record, which means that the deficit should be shrinking. Instead, it is ballooning. In a world where truth mattered, that would mean the end of the Republican line about how tax cuts pay for themselves.
The naked lie that Republicans are the party of ‘fiscally responsibility’ has been completely demolished – Alternet.org