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With Donald Trump having departed the White House, many Republicans are suddenly rediscovering the dangers of budget deficits, after four years of conspicuous indifference. This was entirely predictable: for the last 45 years, the GOP has done the same thing every time a Democrat has held the presidency, and only then.

In fact, we can identify three long cycles, during each of which Republicans reversed their fierce opposition to deficits once they won the presidency: the 1980s, 1990-2008, and 2009-20.......

Bush’s son, George W Bush, let the Paygo provisions expire after becoming president in 2001. In that year and again in 2003, Bush Jr followed the Reagan playbook by enacting big tax cuts. He also increased federal expenditure during his first term, at four times the rate that Clinton had – not just on defence but domestic spending as well. Even with unemployment down to 5% in 2005, Bush ignored warnings that running large budget deficits during an economic recovery would leave less fiscal space to respond to the next recession or crisis. Three years earlier, his vice-president, Dick Cheney, reportedly said: “Reagan proved deficits don’t matter.” The national debt increased by another $4tn.

kalm wrote: ↑Fri Jan 29, 2021 9:40 am Starve the beast, Two Santa Claus Theory...it’s time again for the debt to REALLY matter for the Republican Party and so-called conservatives.

Is this supposed to be what happens when America is run like a business?

With Donald Trump having departed the White House, many Republicans are suddenly rediscovering the dangers of budget deficits, after four years of conspicuous indifference. This was entirely predictable: for the last 45 years, the GOP has done the same thing every time a Democrat has held the presidency, and only then.

In fact, we can identify three long cycles, during each of which Republicans reversed their fierce opposition to deficits once they won the presidency: the 1980s, 1990-2008, and 2009-20.......

Bush’s son, George W Bush, let the Paygo provisions expire after becoming president in 2001. In that year and again in 2003, Bush Jr followed the Reagan playbook by enacting big tax cuts. He also increased federal expenditure during his first term, at four times the rate that Clinton had – not just on defence but domestic spending as well. Even with unemployment down to 5% in 2005, Bush ignored warnings that running large budget deficits during an economic recovery would leave less fiscal space to respond to the next recession or crisis. Three years earlier, his vice-president, Dick Cheney, reportedly said: “Reagan proved deficits don’t matter.” The national debt increased by another $4tn.

Republicans are rediscovering the dangers of budget deficits

AZGrizFan wrote: ↑Fri Jan 29, 2021 4:16 pm I chastised someone just yesterday about fretting about the deficit. Said, you can’t spend like a drunken sailor and then only care when a Dem is in office. it either matters or it doesn’t.

AZGrizFan wrote: ↑Fri Jan 29, 2021 4:16 pm I chastised someone just yesterday about fretting about the deficit. Said, you can’t spend like a drunken sailor and then only care when a Dem is in office. it either matters or it doesn’t.

AZGrizFan wrote: ↑Fri Jan 29, 2021 4:16 pm I chastised someone just yesterday about fretting about the deficit. Said, you can’t spend like a drunken sailor and then only care when a Dem is in office. it either matters or it doesn’t.

AZGrizFan wrote: ↑Fri Jan 29, 2021 4:16 pm I chastised someone just yesterday about fretting about the deficit. Said, you can’t spend like a drunken sailor and then only care when a Dem is in office. it either matters or it doesn’t.

AZGrizFan wrote: ↑Fri Feb 19, 2021 5:55 pm On a similar note, I see many conks on FB now pissing and moaning about “Biden driving up gas prices” and it pisses me off....saying how “it was only $1.89 in October and now it’s $2.39!”....newsflash, while Biden’s pipeline policy stance will ultimately impact oil/gas prices somewhat, I don’t think that’s what’s driving current prices...it’s more related to supply interruption (weather-related) and lack of fuel, as well as demand increases related to states/economies beginning to open back up.

Being so superficial when it comes to things like this really don’t help ANY discussion.

UNI88 wrote: ↑Fri Feb 19, 2021 9:36 pm

AZGrizFan wrote: ↑Fri Feb 19, 2021 5:55 pm On a similar note, I see many conks on FB now pissing and moaning about “Biden driving up gas prices” and it pisses me off....saying how “it was only $1.89 in October and now it’s $2.39!”....newsflash, while Biden’s pipeline policy stance will ultimately impact oil/gas prices somewhat, I don’t think that’s what’s driving current prices...it’s more related to supply interruption (weather-related) and lack of fuel, as well as demand increases related to states/economies beginning to open back up.

Being so superficial when it comes to things like this really don’t help ANY discussion.

* doesn't

Are you saying I can't blame every single COVID death since January 20 on Biden?

AZGrizFan wrote: ↑Fri Feb 19, 2021 5:55 pm On a similar note, I see many conks on FB now pissing and moaning about “Biden driving up gas prices” and it pisses me off....saying how “it was only $1.89 in October and now it’s $2.39!”....newsflash, while Biden’s pipeline policy stance will ultimately impact oil/gas prices somewhat, I don’t think that’s what’s driving current prices...it’s more related to supply interruption (weather related) and lack of fuel, as well as demand increases related to states/economies beginning to open back up.

Being so superficial when it comes to things like this really don’t help ANY discussion.

kalm wrote: ↑Sat Feb 20, 2021 8:23 am

AZGrizFan wrote: ↑Fri Feb 19, 2021 5:55 pm On a similar note, I see many conks on FB now pissing and moaning about “Biden driving up gas prices” and it pisses me off....saying how “it was only $1.89 in October and now it’s $2.39!”....newsflash, while Biden’s pipeline policy stance will ultimately impact oil/gas prices somewhat, I don’t think that’s what’s driving current prices...it’s more related to supply interruption (weather related) and lack of fuel, as well as demand increases related to states/economies beginning to open back up.

Being so superficial when it comes to things like this really don’t help ANY discussion.

You feeling ok, buddy?

AZGrizFan wrote: ↑Sat Feb 20, 2021 8:09 pm

kalm wrote: ↑Sat Feb 20, 2021 8:23 am
You feeling ok, buddy?

Listen, I didn’t like it when idiots did it to Trump, so turning around and doing it to Biden is just bullshit. Are there things Biden is doing that will drive up oil prices? Yes. Is the current price increase due to that? categorically NOT. It’s that simple.

UNI88 wrote: ↑Sat Feb 20, 2021 8:26 pm

AZGrizFan wrote: ↑Sat Feb 20, 2021 8:09 pm

Listen, I didn’t like it when idiots did it to Trump, so turning around and doing it to Biden is just bullshit. Are there things Biden is doing that will drive up oil prices? Yes. Is the current price increase due to that? categorically NOT. It’s that simple.

What if I do it knowing it's bullshit but enjoying turning the tables to highlight the absurdity?