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Republican policies are driving up deficit and missing an opportunity

October 12, 2018

Weren’t the Republicans supposed to be the party of deficit hawks? Birds of plunder is a more apt description.

The Congressional Budget Office last week published its estimate of the Fiscal Year 2018 federal budget deficit. The deficit increased to 21.6 trillion, or 116 billion, the CBO calculated.

Further, the Republican Congress provided no substantial budget cuts to offset the loss of revenues tied to its tax reductions. So the deficit grew, and it is only going to get worse with the revenue losses growing this fiscal year as the full extent of the tax cuts are felt.

The Republican Congress and President Trump are leading the nation down a reckless path. Those who elected them expecting fiscal discipline should feel bamboozled.

 

 

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