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Trump hasn’t changed the Republican Party. It never cared about the deficit.

jonny5 said:
Still waiting for an answer. R aint care about deficits. Ok, so whats the alternative? Elect D who care even less? Elect better R's? Elect D pres, so R will care, but we'll still end up with deficits?

How about a constitutional amendment to balance the budget in peacetime so it wont matter who is in office?
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Could it be that deficits don't really matter?
 
imagep said:
Could it be that deficits don't really matter?
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It only matters to them, but they are not to blame.

Not everyone entry level economics.

...maybe we should blame their parents? For not helping to raise adults who were prepared for the world at large...
 
Great article and I've been saying the same thing for years. Its the main reason I've more or less stopped voting Republican and gone to third party candidates. I was disgusted/amused seeing politicians who voted for Medicare D, No Child Left Behind, EESA, and all the other nonsense that was passed during the Bush administration suddenly parade around spouting off fiscally conservative rhetoric and pretending to be deficit hawks.
 
jonny5 said:
Its a meaningless claim, as is the labeling of blue vs red. States do not control who lives in their state, whether they pay taxes, or whether they receive federal benefit. 50% of taxes is paid by the top 5% and most of them live in "blue states", though they certainly arent liberals. Meanwhile millions of poor liberals live in 'red' states.
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Then why do they keep voting for Republicans?
 
Well one thing we know beyond a doubt, neither party cared enough to make sure that the generational warfare did not happen.
 
Psychoclown said:
Great article and I've been saying the same thing for years. Its the main reason I've more or less stopped voting Republican and gone to third party candidates. I was disgusted/amused seeing politicians who voted for Medicare D, No Child Left Behind, EESA, and all the other nonsense that was passed during the Bush administration suddenly parade around spouting off fiscally conservative rhetoric and pretending to be deficit hawks.
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There are many practical problems for Trump, Republicans and even responsible Democrats in terms of reducing the size of the government. First, the Democrat party is designed around playing Santa Claus for votes. It is not easy to take back presents, if you need these votes. It would have been very difficult to take back Santa Claus Obama food stamps without a growing economy. The growing economy was the only gift that could distract the selfish children away from their other gift.

The second problem is the liberal media who will generate 93% negative fake news if you try to play Scrooge even if justified with sound reasoning. Wasn't Mitt Romney accused of feeding grandma dog food when he suggested a Social Security Overhaul? Nothing had even happened when Mitt was on the stump, yet old people were already starving. Politicians live and die by the sword of scandal, so even bad misleading press is sufficient to end the discussion.

The third problem has to do with public sector unions, whose campaign donations mostly go to the Democrats. This is a money laundering scam where future tax payer money is laundered to public sector unions; promises of extra money, who will then give a percents as donations to Democrats, to maintain union rank and file. The result is an entitlement psychology within government; pay to stay. For example, look at McCabe and the Democrat party outrage that his pension was taken, even for crimes he committed. How do you shrink government when there is an attitude of entitlement to where criminal behavior is not part of the employment and benefit equation? McCabe is not union but it sets a precedent that might be extrapolated.

Lastly, there is a thing called baseline spending which attaches misinformation to both spending and cuts. Below is an example of the baseline scam. This text was found in The Hill (forget to link).

Here’s an interesting fact. If the federal government froze spending today, and for the next 10 years – aka, they literally didn’t spend one more dime, for the next 10 budgets, than they do now, the Congressional Budget Office (CBO) would score that as a NINE TRILLION dollar cut! Remember we have been overspending an average of about 1.5 TRILLION dollars more than we take in for the past 3 years. For you and me, this means going from the measly 15 TRILLION dollar debt we have now, to 30 TRILLION dollars by 2022!! And Capitol Hill calls that a CUT!
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We need to first have honesty about spending in Government. The first step was to take on the Swamp, which included the fake news media, since that is the head of the beast. Then you need to redefine baseline spending so it makes rational sense and is not a scam. Then you need to change the way we deal with public sector unions. The tax payer should get in on the negotiations. Then we will have an environment where a balanced budget is possible instead of a faux balanced budget that increases the debt.
 
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jonny5 said:
They arent. Even the "red" states have 30%-40% of people vote for Democrats.
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30-40% isn't a majority. The majority are usually voting Republican.
 
WCH said:
The war on poverty has cost over $22 trillion since it's inception. War on drugs...$ one trillion

Then we come to unfunded liabilities for all the stuff you say, "works"

https://www.justfacts.com/nationaldebt.asp
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That figure comes from the Heritage Foundation, the conservative hack think tank.

In order to get to $22 Trillion they have to include Social Security as well as Medicare.

On the topic, it's obvious that the GOP doesn't care about deficits. They howl at deficits when Democrats are in power but they shrug them off when they are in power while increasing them. Trump has cut taxes and increased spending. That's not a departure from other Republican presidents. Federal spending as share of GDP rose under both Reagan and Bush.
 
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Rogue Valley said:
Trump hasn’t changed the Republican Party. It never cared about the deficit.



The Deficit, with a capital D, is something the Republicans "care about" only when a Democrat, with a capital D, is in the White House.
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I just wonder when people are going to stop taking the GOP seriously on this matter. I remember the Tea Party would even admit that they dropped on the ball on GWB, but that wouldn't happen again... lol. Voters like that don't even care. One of my coworkers used to complain about the debt and deficit all the time under Obama, now he is silent. I am not surprised.
 
ttwtt78640 said:
Yep, neither the party for a bigger federal government nor the party for a huge federal government care to raise federal taxes enough to cover their increased federal spending.
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To a degree, I think this is true, but it's inevitable that this policy is going to catch up and make life a lot harder for younger generations. It is a concern of mine on a personal level. To keep the federal government running where it currently is by the time I am 50 is going to require massive tax increases. It's a real issue for younger Americans, but older Americans are actually holding office and have more voting power right now so that's the problem.
 
SheWolf said:
To a degree, I think this is true, but it's inevitable that this policy is going to catch up and make life a lot harder for younger generations. It is a concern of mine on a personal level. To keep the federal government running where it currently is by the time I am 50 is going to require massive tax increases. It's a real issue for younger Americans, but older Americans are actually holding office and have more voting power right now so that's the problem.
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Yep, when you borrow from future generations simply to cover current consumption tha massive debt is going to have to be paid back eventually. Most politicians care only about enriching the special interests that will fund their next campaign and are quite content to federally spend at about 20% of GDP while only daring to federally tax at about 18% of GDP. So long as that loony fiscal policy gets them re-elected at a rate of over 90% then it will continue until Austerity Day.
 
MTAtech said:
That figure comes from the Heritage Foundation, the conservative hack think tank.

In order to get to $22 Trillion they have to include Social Security as well as Medicare.

On the topic, it's obvious that the GOP doesn't care about deficits. They howl at deficits when Democrats are in power but they shrug them off when they are in power while increasing them. Trump has cut taxes and increased spending. That's not a departure from other Republican presidents. Federal spending as share of GDP rose under both Reagan and Bush.
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Cost a lot of money to fix Democrat messes.
 
WCH said:
Cost a lot of money to fix Democrat messes.
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Nice try. Trump and the Republicans aren't trying to "fix" anything by upwardly redistributing income and hypocritically complaining about deficits to stymie Democratic presidents only to ignore deficits when they are in power.
 
MTAtech said:
Nice try. Trump and the Republicans aren't trying to "fix" anything by upwardly redistributing income and hypocritically complaining about deficits to stymie Democratic presidents only to ignore deficits when they are in power.
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No one is dealing with it.
 
Paul Krugman agrees with the OP:

"In particular, Republicans haven’t abandoned their concerns about budget deficits, because they never cared about deficits; they only faked concern as an excuse to cut social programs."
 
MTAtech said:
Paul Krugman agrees with the OP:

"In particular, Republicans haven’t abandoned their concerns about budget deficits, because they never cared about deficits; they only faked concern as an excuse to cut social programs."
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How much are you being paid to post in every anti Trump thread? Paul Krugman is an economic hack just like most partisan hacks. Budget deficits are due to spending not tax cuts as again tax cuts aren't expenses thus don't have to be paid for but they do create economic activity and always do. You will never understand that. Right now there are 3 million more taxpayers than when Obama took office and 1 million more coming from the part time for economic reasons category paying more in taxes. In addition Trump has more than doubled the GDP which increases federal revenue again something you don't understand and information that isn't included in the PROJECTIONS you leftists want to tout.

Krugman Keynesian economics focus on govt. spending regardless of where it goes, Obama spent money on social programs that didn't do a damn thing for the economy whereas Reagan spent taxpayer money in the private sector and that created the jobs Obama can only dream about. Trump gets it when will you?
 
Conservative said:
Paul Krugman is an economic hack just like most partisan hacks.
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Paul Krugman is Nobel laureate. You on the other hand are a partisan hack who continues to display an inability to perform simple data analysis.

Krugman Keynesian economics focus on govt. spending regardless of where it goes, Obama spent money on social programs that didn't do a damn thing for the economy whereas Reagan spent taxpayer money in the private sector and that created the jobs Obama can only dream about. Trump gets it when will you?
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More nonsense. All government spending flows into the private sector. Your understanding of public finance is pathetic.
 
Bullseye said:
So, would you feel better if the GOP defaulted on all our debt and stopped paying all entitlements? That accounts for more than 50% of our total spending each year.
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If i had to wager, this would be your sentiment 2 years ago,. Now that Trump is President and the GOP controls Congress, deficits and debt are non-issues.
 
Kushinator said:
Paul Krugman is Nobel laureate. You on the other hand are a partisan hack who continues to display an inability to perform simple data analysis.



More nonsense. All government spending flows into the private sector. Your understanding of public finance is pathetic.
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Yep all that Obama spending took employment from 142 million down to 138 million two years later but did create massive part time jobs. Great job Obama and thank you for giving us Trump. You never put data into context. My understand of socialist policies and liberal priorities is right on
 
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