I laughed out loud at the title: “Republicans once fought budget debt. Now they’re embracing it”.
Obama and the Democrats doubled the US debt in 8 years. On January 20, 2009, when Obama was sworn in, the debt was $10.626 trillion. On January 20, 2017, when he left, it was $19.947 trillion. Obama added $9 trillion to the debt, more than any other president.
Shouldn’t this headline read “Democrats once embraced budget debts; now they’re fighting it.”
When did Republicans stop worrying and learn to love budget deficits?
Over the next decade, their tax plan would add at least $1 trillion to the national debt. That would be on top of an additional $10 trillion in deficits over the same period already being forecast by the Congressional Budget Office. As a share of the economy, the national debt would be rising to levels last seen during the height of World War II.
This borrowing spree would mark a sharp reversal for Republicans who made a career of sounding the alarm that mounting national debt would ultimately crush the economy and perhaps impoverish future generations. House Speaker Paul Ryan warned back in 2013 that endless deficits would “weigh the country down like an anchor. In short, we are on the verge of a debt crisis.”