Wednesday, February 07, 2018

The Great Switcheroo: Republicans

A quote:
"
Second, the Republican policy reversals are staggering:
  • Members of Congress who once claimed to be committed to debt reduction would increase debt by more than $2.7 trillion in just seven weeks.
  • Congressional Republicans would increase government spending by 50% more than they cut taxes two months ago.
  • The self-labeled fiscal conservatives in Congress, who had once insisted that all government spending increases be offset by spending cuts, would abandon that principle.
  • A party that just a few years ago proposed reforming old-age entitlement spending, the principal driver of government spending growth, would have no proposals to do so. If press reports are true, this bill may even increase Medicaid spending.
  • The Republican Congressional Majority, which built last year’s balanced budget plan on deep future cuts to nondefense discretionary spending, would be supporting big increases in that spending."
Who is saying all this: Keith Hennessey, CEA under Bush.

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