The right, especially people like Paul Ryan, like to think of themselves as “debt hawks” and “fiscally conservative,” but that’s shit. In reality if the GOP were to get rid of social security, I think they would be committing political genocide, then again, Democrats suck so bad they could stay in the game, even if Republicans did massive austerity measures. Having said that, the tax cuts, and Republican policy, is going to only rise the countries debt, and more.
As Stan Collender (the Budget Guy) points out: “While presidents submit and Congress adopts one-year budgets, the spending and taxing policies put in place in those budgets are more or less permanent.” This means that Trump’s budget will incur criticism when informed people realize that Trump and the Republican’s budget will add a $1 trillion dollars to the U.S. budget deficit. According to Collender, even though the President and Congress are adopting one-year budgets, “the spending and taxing policies put in place in those budgets are more less permanent.” Interest on debt will grow “as interest rates rise from their recent lows and the national debt increases precipitously.”
I’d never call myself a person with any kind of economic-bravado of any kind, but Trump and the right are worse. It’s simple, if you raise spending (military), but you cut revenue (taxes), the debt increases. Republicans spending more on the military will gain popularity, but cutting into programs social security won’t. That makes sense, blue collar-working class etc. has spent years paying into Social Security, and if the right got rid of it, they’d fear not winning anything for a long time, even with the Democrats being as corrupt as they are.
As the @thebudgetguy points out, there was consecutive trillion dollar deficits under the Obama administration, “But the Obama trillion dollar deficits declined precipitously once the economy began to recover.” After 2013, the deficit was below a trillion dollars thereafter, and that between 2012 and 2013, “the deficit fell from $1.2 trillion to $720 billion.” In other words, the right can’t say that they’re deficit hawks. Having said that, we should be taxing corporations and the wealthy more than we are, because it won’t take away our debts tomorrow, but it will in time.
Furthermore, not only has the right given way to conservative spending, but @thebudgetguy argues that Mitch McConnell, Paul Ryan and others should be arrested.
As stated by @budgetguy:
The congressional budget process is not supposed to be optional. It’s a law created by the Congressional Budget and Impoundment Control Act of 1974 that Congress is required to implement every year.
…Led by Ryan, McConnell, Enzi and Womack, the GOP-controlled Congress this year isn’t complying with the budget act. To the contrary, the Republican congressional leadership intentionally decided not to do the most important thing the law requires — adopting a budget resolution for the coming fiscal year.
Unfortunately, fiscal responsibility (even as a leftist that matters) has long since died… McConnell and Ryan prove it as well as any example could, and they are just puppets for feudalism..
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