July 19, 2019

We Should All Be Deficit Hypocrites

“Barack Obama is dumbfounded. The Republicans harangued him for eight straight years over the federal budget deficit. Now, under President Trump, the deficit is skyrocketing—with nary a peep from the GOP. “This is supposed to be the party, supposedly, of fiscal conservatism,” he said in a speech in September. “Suddenly deficits do not matter, even though just two years ago, when the deficit was lower, they said I couldn’t afford to help working families or seniors on Medicare because the deficit was an existential crisis. What changed?”

The former president is not naive; he knows the answer. What changed was that Republicans, having swept the 2016 election, now fully control the government’s purse strings. By the end of Trump’s first year, the Republicans jacked the military’s budget by $80 billion and approved a $1.5 trillion tax cut. So it was no surprise when the Treasury Department reported last week that the deficit rose 77 percent in the first quarter of the fiscal year over the same period the previous year. This week, in its latest budget proposal, the White House had the gall to warn that we “must protect future generations from Washington’s habitual deficit spending,” but nonetheless projected the deficit would rise substantially over the next three years.

The question many are asking is whether the GOP’s about-face matters, politically speaking. As recent headline in The Week put it, “Will Republicans’ deficit hypocrisy haunt them this year?” The White House is confident that it won’t. Trump’s acting chief of staff, former Congressman Mick Mulvaney, spent years ripping Obama about the deficit. Asked recently why Trump’s 2019 State of the Union didn’t mention the deficit, he replied, “Nobody cares.””

Read more

JJ Editor's Daily Picks

"The likely successor to British Prime Minister Theresa May, Boris Johnson, has plans to subsume the government department overseeing development aid into the foreign office, effectively eliminating it. That will destroy a post-Brexit United..."

"Gerard Baker, editor-at-large at the Wall Street Journal (no reflexively anti-Trump publication) recently wrote a piece decrying Donald Trump and his foreign policy as a fount of erratic unpredictability. This essay will give the counter view...."

"On Wednesday, Congresswoman Ilhan Omar announced that she will be visiting Israel and the Palestinian territories in the coming weeks. Omar will be accompanied by Rep. Rashida Tlaib. The two freshman congresswomen have become a focal point of..."

"Netflix may have lost US subscribers for the first time since it began making its own shows, but that didn't stop the streaming giant from dropping new figures about how many people are sucked into its Adam Sandler vortex. (Spoiler: More than..."

"A few years ago, Amy Balliett, CEO of a Seattle-based design and marketing firm, noticed that as the work week slogged on, her employees’ energy and productivity wilted. “That would slump to such an extent that the same task on Monday would..."

"Over the last few days the #faceappchallenge has taken over social media. This “challenge” involves downloading a selfie-editing tool called FaceApp and using one of its filters to digitally age your face. You then post the photo of your wizened..."

"Although there are plenty of irrational aspects to life in modern America, few rival the odd fixation on lawns. Fertilizing, mowing, watering — these are all-American activities that, on their face, seem reasonable enough. But to spend hundreds..."

"Can a book change the way we think? I don’t mean that in the sense of a reader’s opinion or ideology shifting—of course the right literary work can do that. But can a book rewire the brain itself, literally changing the way one particular mind..."

"It’s our job to let kids know we see and hear them, but we’re not necessarily going to solve siblings’ conflicts for them (or else they never get the practice). When squabbles start, imagine you’re a sportscaster and describe what you see in..."

"Magali Trejo-Martinez, a 22-year-old living in Salem, Oregon, recently went on a date that was rather uninspiring. “I had dinner, had a couple margaritas, and then went home,” is how she recapped the evening. This outcome wasn’t entirely..."

"The first lunar landing was many things — a D-Day-like feat of planning and logistics, a testament to the power of man's will, an ostensible propaganda coup for NATO. It was also, I think, one of the most misunderstood events in the history of..."

"THE FIRST TIME Bernie Sanders ran for president, he didn’t talk much about being Jewish. In fact, he didn’t talk much about himself at all. His 2016 primary campaign, like his whole political career, was relentlessly focused on one topic: income..."