Author Topic: Who's Ready for Some Trillion-Dollar Republican Deficits?  (Read 278 times)

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Offline EasyAce

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Who's Ready for Some Trillion-Dollar Republican Deficits?
« on: December 08, 2017, 04:54:41 am »
Fiscal hawks, from their perch in the wilderness, predict we may again see 13-digit deficits as soon as next year
By Matt Welch
http://reason.com/blog/2017/12/07/whos-ready-for-some-trillion-dollar-repu/print

Quote
From 2009 to 2012, the federal government of the United States ran an annual deficit north of
$1 trillion
. The figure was shocking—Washington didn't get around to spending $1 trillion in a year total
(in 2009 dollars) until 1975. Coming on the heels of the debt-doubling during the presidency of George
W. Bush, which candidate Barack Obama in 2008 characterized as "unpatriotic," the new recession/bailouts/
stimulus
deficit-spending triggered a stampede of national anxiety.

The Tea Party arose in 2009 partly in revulsion at the Bush/Obama binge. Joint Chiefs of Staff Chairman
Adm. Michael Mullen famously warned CNN in 2010 that, "The most significant threat to our national
security is our debt." The president himself acknowledged the problem, predicting in a major 2011 speech
that the debt "has grown so large that we could do real damage to the economy if we don't begin a process
now to get our fiscal house in order." After the passage of the Affordable Care Act, the main topic of American
politics was the long-term debt and the short-term trillion-dollar deficits exacerbating the problem.

And now, after another Obama-era doubling of the debt, and the successful removal of Democrats from
federal power, Republicans are ushering in a new era of…would you believe trillion-dollar deficits? . . .


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Offline Frank Cannon

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Re: Who's Ready for Some Trillion-Dollar Republican Deficits?
« Reply #1 on: December 08, 2017, 05:03:22 am »
Who are these fiscal hawks? Even Ron Paul earmarked the shit out of everything. Healthcare and Social Security are the biggest drain on the budget. Can good ol' Matty point to which elected official is calling for cutting that back? If not this pipe dream about cutting spending is a joke.