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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSteny Hoyer whacks GOP for sudden interest in deficit spending
Rep. Steny Hoyer (D-Md.) hammered Republicans on Tuesday for taking on deficit spending just months after championing tax cuts projected to pile almost $2 trillion onto the debt.
Hoyer, the Democratic whip, said the Republicans push this week for a balanced budget amendment (BBA) a constitutional change effectively prohibiting deficit spending is a political stunt smacking of hypocrisy.
This legislation is a charade. I dont know how anybody can believe the Republicans are serious about tackling deficits after they exploded the deficit, Hoyer said during a press briefing in the Capitol.
This is the height of hypocrisy.
The Congressional Budget Office (CBO) on Monday estimated the Republicans tax overhaul, adopted in December, will add $1.9 trillion to the debt by the end of 2028 a far cry from the Republican predictions that the cuts would pay for themselves by spurring economic growth.
The CBO also predicted that deficit spending would hit $804 billion this year a $242 billion spike over an assessment conducted last summer and top $1 trillion by 2020. The increases, CBO indicated, are largely due to the Republicans tax cut combined with the $1.3 trillion 2018 spending package, which was enacted last month with broad bipartisan support.
http://thehill.com/homenews/house/382507-hoyer-whacks-gop-for-sudden-interest-in-deficit-spending
Wounded Bear
(58,662 posts)gratuitous
(82,849 posts)Then where is the press coverage? Seems like everything the White House sharts out gets wall-to-wall coverage, but a perceptive, cogent, and accurate analysis of Republican shenanigans gets deep-sixed.
bigbrother05
(5,995 posts)We're giving you all this money in a tax break (that lines the 1%'s pockets) and now we'll balance the budget by taking away the funding for the things that help the sick/poor/kids/old and cut your retirement as a bonus.
safeinOhio
(32,686 posts)I call it the ETR plan.
Eat The Rich.
That may get their attention.