Anyone surprised with this please leave the room…
Republicans opened the Treasury during the last 4 years of Republican President Donald Trump, who often boasted before he became President that he ‘loved debt’….
He spent your tax dollars on border walls and his property usage….
Now his ‘party’ people are signaling that Democrats can’t do that, but have to figure out how get the Republican generated debt back under control while we have a virus economy lagging and You can bet Republicans will hang any forthcoming economic issue on Joe Biden….
Maybe you can lets the federal hounds loose on one Donald Trump who owes the IRS MILLIONS…..
Republicans are preparing to re-embrace their inner deficit hawk after greenlighting big spending bills under President Trump.
GOP senators say they expect to refocus on curbing the nation’s debt and reforming entitlement programs starting in 2021, as the Congressional Budget Office estimates that the debt has surpassed the size of the American economy.
“I think that’s kind of getting back to our DNA. …I think spending, entitlement reform, growth and the economy are all things that we’re going to have to be focused on next year and, yeah, I would expect you’ll hear a lot more about that,” said Sen. John Thune (R-S.D.), the No. 2 Senate Republican.
The shift could pose a significant headache for a new Biden administration that will need GOP support in the Senate to move its agenda. It is also likely to complicate efforts on a debt-ceiling deal.
Sen. Lindsey Graham (R-S.C.) is poised to become the chairman of the Budget Committee if Republicans keep the Senate. He said he wants to create a new commission to propose ways to reduce the deficit and address the country’s debt.
“I think we’ve got to understand that we’re going to be raising the debt ceiling in perpetuity if we don’t find a way to bend the curve,” Graham said.
The battle over spending could quickly come to a head with fights looming over budgets, pandemic spending and the debt ceiling, which was suspended under a deal between Trump and Congress. It is set to be reinstated at the end of July.
Republicans are already floating requiring a trade-off in exchange for the mid-year fight, in a preview of what could be an explosive battle with ramifications for the country’s fiscal reputation with the economy already battered by the spread of the coronavirus….