If they cared about deficits, they would not be pushing this latest bill.
House Speaker Mike Johnson has announced that he will move forward with a bill that provides $14.3 billion in aid to Israel, cuts the IRS budget by a corresponding $14.3 billion to allegedly keep the bill revenue neutral, and omits Ukraine. To borrow a line from Ronald Reagan, there they go again.
And the GOP, famously, would like you to think that it does. Yet, though Republicans routinely bemoan the deficit and public debt when out of power, they tend towhen in power. Under George W. Bush, the deficit increased to 11.7 percent of GDP, while the debt rose by $4.9 trillion—an 85 percent increase. Under Donald Trump, the deficit rose to 5.2 percent of GDP, and the debt increased by $7.8 trillion—a 39 percent increase.But let’s take the Republicans at their word.
Looking at what Republicans do, as opposed to what they say, it’s almost as if … they don’t really care about deficits at
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