Sunday, October 22, 2017

Republicans Approve Budget with $1.5 Trillion Deficit

Senate Republicans overcame internal divisions late Thursday to approve a 2018 budget that will increase the deficit by $1.5 trillion over 10 years to allow for President Trump's proposed tax cuts. Passage of the GOP's budget blueprint is a largely symbolic exercise, but it sets the stage for smoother passage of Trump's upcoming tax cuts. It will include special instructions that allow for passage of a tax plan by a simple majority, without threat of a Senate filibuster to block it. At the White House, Trump had been confident of the result earlier in the day and predicted it was a sign that his tax plan would also succeed. "Frankly, I think we have the votes for the tax cuts, which will follow fairly shortly thereafter," he said.

More

But the outcome was not certain, as some conservatives still objected to piling onto the deficit. Many joined Congress during the rise of the tea party movement, which railed for years against rising national debt under President Obama after the Great Recession. The vote was 51-49, with all Democrats opposed.

"The budget's a sham," Sen. David Perdue (R-Ga.) said at a recent Koch-backed group's gathering of wealthy donors in New York. "It has nothing to do with reality. ... It's a tool to get to reconciliation."

Sen. Bob Corker (R-Tenn.) called the budget a "hoax" on Thursday.

Comments

Then the rich benefactors will spend handsomely to re-elect RepubliKLAN congress and senate trolls. That way the RepubliKLANS can continue to destroy the nation, it's natural resources, public lands, water, air, schools, etc. all of the benefit of the GOPiggies' masters.

#1 | Posted by _Gunslinger_ at 2017-10-22 11:41 PM

Republicans in Congress are responding to their donors, not their constituents. The donors want their tax cuts and elimination of regulations. They don't give a damn about anything else.

#2 | Posted by WhoDaMan at 2017-10-23 08:40 AM

If the super wealthy didn't benefit greatly from favorable tax plans, they would not expend so much money and effort on corrupting our government.

Trump is going to do the exact opposite of what he said and there a millions of suckers who won't care so long as Donnie hates on the same people they hate.

#3 | Posted by Sully at 2017-10-23 09:48 AM

#19 Trump lie and screw over people? Outrageous I tells ya!

#4 | Posted by 726 at 2017-10-23 12:06 PM

Would some of the Rs who hang out here explain why D deficits are terrible but R deficits are OK?

#5 | Posted by SomebodyElse at 2017-10-23 03:04 PM

Reduced the deficit?
That means there was one.
So the National Debt continues to grow based on interest, and add in the deficit spending.
This is why both parties suck.
The followers believe reducing the amount of spending is a good thing when spending exceeds revenue. This is both parties.
Idiots all.

#6 | Posted by Petrous at 2017-10-23 03:33 PM

Look to the French in 1785...Russia in 1917...English colonies in America in 1776
sooner or later, class warfare will occur. the trouble is, you could see how a wannabe despot
like we have now, could go for a two-fer. start it with NK..inevitable protests lead to martial
law, and fire mueller.

#7 | Posted by ABlock at 2017-10-23 04:38 PM

#22

That's idiotic.

One party wants to cut taxes and spend more on military. The other wants to invest in education and infrastructure to keep us economically competitive. Not the same.

#8 | Posted by Sycophant at 2017-10-23 06:18 PM

#22 | POSTED BY PETROUS

This deficit issue is a political one. The debt issue is a managerial problem, not a fiscal problem. Why don't people understand that the debt never ever has to be paid off because the US federal government is not a living being with an expiration?

#9 | Posted by IndianaJones at 2017-10-23 06:55 PM

Deficits only matter when a Democratic president is in the WH. Everybody knows that. Stop pretending it isn't true.

#10 | Posted by chuffy at 2017-10-24 12:20 AM

WTF happened to not "taxing our grandchildren"?

#11 | Posted by b_al at 2017-10-24 04:36 PM

But...but...how ELSE are we to pay for our tax cuts?

--the GOP congress--

Quick! Investigate Hillary Clinton for having a computer!

#12 | Posted by e1g1 at 2017-10-24 11:00 PM

Eberly:
How many business owners are making 2 million or more a year?
And you believe the future hangs on yet another tax cut for them?

Man, you must have been dead or comatose during the 1980s, when it was done then, with no result to the economy.
You also must have been comatose during the last few years when Kansas did the same thing and nearly crashed their economy.

#13 | Posted by e1g1 at 2017-10-24 11:04 PM

"all of the benefit of the GOPiggies' masters."

In the past I might have thought your comments were over the top, not today. They are exactly the truth.
As Jimmy Carter said, we do not live in a democracy any more, we live in an oligarchy.

#14 | Posted by danni at 2017-10-25 06:43 AM

We never lived in a Democracy.

#15 | Posted by Federalist at 2017-10-25 07:16 AM

#31

You never we're sane.

#16 | Posted by Zed at 2017-10-25 07:20 AM

WTF happened to not "taxing our grandchildren"?

#27 | POSTED BY B_AL

Did you really believe that when Trump and the Republicans said it? Honestly that naive?

#17 | Posted by Sycophant at 2017-10-25 12:23 PM

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