REPUBLICAN HYPOCRISY ON THE FEDERAL DEFICIT

Note: If you find my posts too long or too dense to read on occasion, please just read the bolded portions. They present the key points I’m making and the most important information I’m sharing.

The Republican Party is guilty of lots of hypocrisy these days, some of it new and some of it old. One of the older elements that’s resurfacing today is concern about the federal government’s annual budget deficit and its overall accumulated debt. One of my real frustrations with the mainstream media is that they rarely call out Republican hypocrisy. They typically report the Democratic and Republican rhetoric as a he said / she said conflict without any historical or factual context.

Therefore, I was pleased to see a front-page story in the Boston Globe on 9/17/21 explicitly calling out the Republicans’ current hypocrisy on the federal deficit. The title and subtitle, no less, highlighted the hypocrisy: “Democrat in office, GOP focuses on the debt; But true to form, Republicans were silent as Trump ran up spending.” [1] What follows is a summary of the article.

Republicans are trying to build support for their opposition to President Biden’s and congressional Democrats’ infrastructure investment bills by saying they’re concerned about the federal budget deficit and overall debt. This is hypocritical because congressional Republicans remained largely silent as the debt grew by $8 trillion (40%) under President Trump in just four years. It’s also inaccurate because the Democrats are planning to pay for most if not all of the costs of the bills with tax increases on wealthy individuals and corporations, along with other revenue increases, so the deficit and debt would not grow as a result.

The hypocrisy is quite blatant because congressional Republicans pushed through a tax cut in 2017 that increased the debt by about $200 billion a year. Trump’s hypocrisy was stunning, given that he had promised during his campaign to balance the federal budget in four or five years. Instead, his four budgets ran deficits of an average of $2 trillion per year! Voters appeared to believe his campaign promise, in part because the mainstream media didn’t provide the context that would have shown it was a lie, particularly in the context of his other promises.

Republicans are saying they won’t vote to increase the federal government’s ceiling on its total amount of debt. However, they raised or suspended the debt ceiling three times when Trump was president. Moreover, most of the increase in the federal debt that has occurred since the debt ceiling was last raised in 2019, occurred under President Trump. Republicans are resurrecting their opposition to increasing the debt ceiling that they exhibited when Obama (a Democrat) was president. Then, they pushed the government to the brink of defaulting on its debt, which would create an unprecedented economic crisis.

This hypocritical opposition to increasing the debt ceiling and to increased spending because it might increase the annual budget deficit reflects a 40-year pattern of Republican presidents and congresspeople creating large budget deficits and then leaving a fiscal and economic mess for Democratic presidents to deal with and clean up. Brian Riedl, a senior fellow at the Manhattan Institute (a conservative, free-market think tank) and a Republican economic and tax policy expert, is quoted in the article as saying, “Republicans are absolutely guilty of hypocrisy in that they focus on the debt during Democratic presidents and then run up spending during Republican presidents.”

[1]      Puzzanghera, J., 9/17/21, “Democrat in office, GOP focuses on the debt,” The Boston Globe

2 thoughts on “REPUBLICAN HYPOCRISY ON THE FEDERAL DEFICIT

  1. Tom, there are at least three things we can do. 1. Pass laws to over-rule Supreme Court decisions. For example, pass the For the People Act and the John Lewis Voting Rights Act to over-rule the Court’s gutting of the Voting Rights Act. Or make the right to terminate a pregnancy before viability federal law. 2. We can expand the Supreme Court. I was initially opposed to this, but the recent behavior of the Court and the fact that the Republicans stole 2 Court seats by not considering Merrick Garland and then ramming thru Barrett at the last minute have changed my mind. We should add 2 seats for Biden to appoint to counteract the stolen ones. 3. We need to pass some Constitutional Amendments to over-rule some decisions like Citizens United that give corporations rights and allow unlimited spending on election campaigns.

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