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Where have the deficit hawks gone?

Discussion in 'BBS Hangout: Debate & Discussion' started by Invisible Fan, Oct 20, 2017.

  1. Invisible Fan

    Invisible Fan Contributing Member

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    I blame human induced climate change for the extinction of this proud species.

    https://www.theatlantic.com/politic...cans-rally-around-raising-the-deficit/543510/

    Republican senators have found the secret to recovering the unity that’s eluded them on major legislation this year. All they had to do was sacrifice the deficit.

    In narrowly approving a $4 trillion budget resolution on a 51-49 vote Thursday night, the GOP majority moved an important step closer to the major tax-cut plan that the party wants to enact by the end of the year. After this summer’s defeat on health care, Republicans momentarily eased doubts that they could ever get all of their members—everyone except Senator Rand Paul, at least—to agree to a complicated policy document.

    But the unity, and the lure of tax cuts that drove it, come at a cost, both politically for Republicans and potentially for the nation’s debt. The Senate budget would allow Congress to reduce taxes by up to $1.5 trillion over the next decade without offsetting the cost. That had been in the Senate plan all along, but over the course of several hours on Thursday, Republicans had opportunities to shift course. Democrats offered amendments that would have forced Congress to work on a deficit-neutral tax plan, while Paul, the Kentucky spending hawk, tried to get his colleagues to reduce spending as well as taxes. The Senate rejected them all, choosing to forgo, for the moment, the more difficult decisions involved in picking what additional spending to cut or which taxes to raise.

    “I will fight for the biggest, boldest tax cut we can pass, but I could not in good conscience vote for a budget that ignores spending caps that have been the law of the land for years and simply pretend it didn’t matter,” Paul said in a statement after the vote. “We can be for lower taxes AND spending restraint.”

    The GOP Tax Plan Inches Forward

    Republicans in the Senate could have also accepted the more fiscally-conservative House budget, which passed earlier in the month and called for tax reform that would not add to the deficit. In a nod to the Freedom Caucus, the House plan also included an extra $200 billion in cuts to mandatory programs like food stamps. But with Republicans in a rush to get to the tax bill and needing to pass the budget first, the House is now more likely to accept the Senate plan than try to meet in the middle with a compromise.

    “There was a time not long ago when many congressional Republicans demanded a budget that balanced within 10 years,” lamented Maya MacGuineas, the president of the Committee for a Responsible Federal Budget. “Today, with their vote, the Senate GOP has turned away from this goal, sprinting in the other direction and instead approving a plan that allows for $1.5 trillion in tax cuts to be added to the national debt.”
    ...
     
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  2. Sweet Lou 4 2

    Sweet Lou 4 2 Contributing Member
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    The deficit issue went away with Obama. It's time to spend like it's 2002!!!!
     
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  3. Dairy Ashford

    Dairy Ashford Member

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    No electable politician is a deficit hawk, Marjorie Margolies learned that 25 years ago. We had a built in deficit reduction but it was an election year so we called it a "fiscal cliff."
     
  4. Bobbythegreat

    Bobbythegreat Member
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    Well when you had the really really ridiculously fiscally irresponsible party in power you had the fiscally irresponsible party running on becoming slightly more fiscally responsible. Now that the fiscally irresponsible party is in power, the only people talking about fiscal responsibility are hypocrites from the really really ridiculously fiscally irresponsible party and the few fringe crazies that actually want fiscal responsibility....and that group is shunned by both parties so you don't hear from them all that often.
     
  5. LosPollosHermanos

    LosPollosHermanos Houston only fan
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    take your meds
     
  6. fchowd0311

    fchowd0311 Contributing Member

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    Is that why historically the "really really ridiculously fiscally irresponsible party' when they are in power in congress and the executive branch oversee increases in tax revenue?

    Which party is the party of irresponsible tax cuts while starting two war fronts?

    Where do you develop your shitty premises?
     
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  7. Sweet Lou 4 2

    Sweet Lou 4 2 Contributing Member
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    [​IMG]
    [​IMG]
     
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  8. Mathloom

    Mathloom Contributing Member

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    lol the 2-party system, the gift that keeps on giving
     
  9. Bobbythegreat

    Bobbythegreat Member
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    The system that guarantees that you'll be able to pick between bad and worse every election and nothing will ever get any better.
     
  10. Dairy Ashford

    Dairy Ashford Member

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    As opposed to pathologically anti-Semitic, hereditary, hyper-religious commodity-based tribal monarchies with slave labor.
     
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  11. NewRoxFan

    NewRoxFan Contributing Member

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    He was against deficits until he was for them (supporting trump's rich person tax cut)... and now he is against them again (if he gets to cut social security and Medicare)...

     
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  12. Invisible Fan

    Invisible Fan Contributing Member

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    My great madeup pastor, whom I dearly believe in, says socialism by spending on everyone is not common sensical. Gotta spend it on the people that matter.

    Like Goldman's Lloyd Blankfein, who is doing God's work.

    Instead, let charity flow to the undesirables so that poor dumb whites think they're still getting the better end of the social contact they were promised after WW2.
     
  13. glynch

    glynch Contributing Member

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    The deficit hawks will be back with a vengeance when the Dems come back in power. The bigger brained GOPers realize what a hoax it all is, but want their tax cuts, but not the social spending on education, health and welfare that they have no need of.
     

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