"Republicans keep supporting tax cuts even while failing to shrink spending. The result: since Ronald Reagan entered the White House in 1981, all three Republican presidents before Trump left office with higher federal deficits than they inherited. One Democratic president (Bill Clinton) departed with a budget surplus; the other (Barack Obama) saw the deficit decline by two-thirds as a share of the economy."
Saturday, April 14, 2018
The GOP: Breaking Their Brand
After busting the deficit, the GOP's gestures toward fiscal responsibility ring hollow (John Harwood) from CNBC
"Republicans keep supporting tax cuts even while failing to shrink spending. The result: since Ronald Reagan entered the White House in 1981, all three Republican presidents before Trump left office with higher federal deficits than they inherited. One Democratic president (Bill Clinton) departed with a budget surplus; the other (Barack Obama) saw the deficit decline by two-thirds as a share of the economy."
"Republicans keep supporting tax cuts even while failing to shrink spending. The result: since Ronald Reagan entered the White House in 1981, all three Republican presidents before Trump left office with higher federal deficits than they inherited. One Democratic president (Bill Clinton) departed with a budget surplus; the other (Barack Obama) saw the deficit decline by two-thirds as a share of the economy."
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