Saturday, November 28, 2020

Republicans ready to become deficit hawks again under a President Biden — Jourdain Carney

Republicans are preparing to re-embrace their inner deficit hawk after greenlighting big spending bills under President Trump.

GOP senators say they expect to refocus on curbing the nation’s debt and reforming entitlement programs starting in 2021, as the Congressional Budget Office estimates that the debt has surpassed the size of the American economy.

“I think that’s kind of getting back to our DNA. ...I think spending, entitlement reform, growth and the economy are all things that we’re going to have to be focused on next year and, yeah, I would expect you’ll hear a lot more about that,” said Sen. John Thune (R-S.D.), the No. 2 Senate Republican.

The shift could pose a significant headache for a new Biden administration that will need GOP support in the Senate to move its agenda. It is also likely to complicate efforts on a debt-ceiling deal.…

Grand bargain on SS, Medicare and Medicaid to be back on the table?

The Hill
Jourdain Carney


Peter Pan said...

And Krugman returns to being a deficit dove... plus ca change...

Unknown said...

What dumb people Republican Party supporters are first they believe the electoral system is fraudulent despite Trump having four years to put it right and done nothing and now will believe the government must constantly strive to balance its books despite Trump saying it's a myth and running a very high deficit. They may as well line up to have rings inserted in their noses!