Aren’t Republicans supposed to care about the deficit?

Source: Cato Institute
by Michael D Tanner

“Do you remember when Republicans at least pretended to care about government overspending? Last week the Congressional Budget Office announced that the budget deficit for 2017 will top $665 billion, the highest level since 2013. Worse, while the deficit in 2013 was still being driven in part by one-time spending items, including TARP and the stimulus bill, the current tide of red ink appears to be more structural in nature, the result of rising entitlement costs and routine overspending. In fact, the federal government will actually take in more in taxes this year than it did last year, the result of increased economic growth. But those increased revenues are more than offset by $130 billion in higher spending.” (11/01/17)