The pseudonym "Philo Vaihinger" has been abandoned. All posts have been and are written by me, Joseph Auclair.

Tuesday, December 5, 2017

Krugman lets the cat out of the bag

Republicans Are Coming for Your Benefits

Sometimes true history is written by the losers.

Republicans don’t care about budget deficits, and never did. 

They only pretend to care about deficits when one of two things is true: a Democrat is in the White House, and deficit rhetoric can be used to block his agenda, or they see an opportunity to slash social programs that help needy Americans, and can invoke deficits as an excuse. 

All of this has been obvious for years to anyone paying attention.

So it’s not at all surprising that they were willing to enact a huge tax cut for corporations and the wealthy even though all independent estimates said this would add more than $1 trillion to the national debt. 

And it was also predictable that they would return to deficit posturing as soon as the deed was done, citing the red ink they themselves produced as a reason to cut social spending.

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