Were that only true.
If there were real cuts, there would be no call to raise the debt ceiling.
Yes, there would because you cannot wipe out a multi trillion dollar deficit in one budget. You have to cut slowly, which Biden has done in every single year.
McCarthy still hasn’t come up with a list of cuts so he’s not even ready to negotiate any cuts.
You complain bitterly that the Obama recovery took too long and was so weak, and yet you completely ignore the effect on GDP and unemployment, that the sequestration cuts the Republicans inflicted on the Obama Administration.
Wednesday morning, the House Budget Committee is holding a hearing on “Replacing the Sequester”—the sequester being the automatic spending cuts established by the debt ceiling deal that are scheduled to kick in next year. It’s a safe bet that Republicans will scream about defense cuts being bad...
www.epi.org
This current vague attempt by McCarthy to cut social spending sounds like sequestration 2.0.
Since it turned out so badly for them last time, why are the Republicans trying to repeat every single mistake that they made after W’s economic crash?
Trump deregulated the banks, and now we’re seeing bank failures again. The economic harm Trump’s policies did in relation to trade and banking are only now being felt by the economy.
The huge engine that is the American economy does not turn on a dime. It takes a couple of years for deregulation and trade agreements to come into full force and effect, and for their impact on the broader economy to be felt.
If the definition of insanity is doing the same thing over and over again, and expecting a different result, Republicans have been insane since Reagan was in office. St. Ronnie cut taxes for the wealthy, blew up the deficit, and cut social programs for the poor. These policies doubled food stamp useage, increased poverty,and lead to the biggest stock market crash since he Great Depression.
Wash, rinse repeat for W. At least W started with a balance budget before he ran it into a ditch. Trump started with a massive deficit and rang up the spending.