GOP scammers and media enablers

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Steve Benen has exposed the GOP's deficit scam at MSNBC:

Up until fairly recently, federal officials believed the nation would have to raise the debt ceiling by late March or early April. Yesterday, the Congressional Budget Office said action will be required even sooner - because the Republican's $1.5 trillion tax cut is already starting to affect U.S. finances.

[The effect is negative, as expected.]

A separate New York Times report added this week that annual budget deficits "are creeping up to $1 trillion and the national debt has topped $20 trillion." The Treasury Department "will need to borrow $441 billion in privately held debt this quarter," which is the largest sum in eight years.

And yet, Republicans - ostensibly, the nation's fiscal hawks and stalwarts of fiscal responsibility - have nothing to say about this. The issue has largely disappeared.

"The underlying issue here," he continues, "is one of the most cynical political scams Americans have ever seen or will ever see:"

Remember the Tea Party movement? According to many of its leaders, one of its principal goals was deficit reduction: annual budget shortfalls, they said several years ago, threatened the future of the nation, its families, and its security.

And because Republicans have an amazing ability to dictate the public conversation, everyone played along, taking the deficit seriously throughout the Obama era. To reject the fiscal argument was to condemn our children and grandchildren to future misery.

Under Obama, however, the deficit shrunk in his first seven years by a trillion dollars - that's "trillion" with a "t" - at which point the issue quietly lost its potency.

At least in theory, for those who care about the deficit, the issue should be back with a vengeance. But it's not: even as the deficit gets significantly larger, due entirely to deliberate Republican choices, the public conversation largely ignores the issue.

It's almost as if--to provide yet another example--the allegedly "liberal" media is in actuality a generally conservative presence in our lives.

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This page contains a single entry by cognitivedissident published on February 1, 2018 10:29 AM.

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