Republicans are completely reversing themselves on the deficit

With all these changes, the annual gap between spending and revenue in 2019 is projected to eclipse $1.1 trillion, up from $439 billion in 2015. And they are expanding the deficit at an unusual time, when the economy is growing and unemployment is low, a dynamic that often leads to shrinking budget gaps.

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“I don’t think there’s any question but that there’s a bury-your-head-in-the-sand view of the deficit and the debt issues relative to this Congress and this administration,” said former senator Judd Gregg (R-N.H.), who once led the Senate Budget Committee.

The debt binge caps off a major reversal for the Republican Party, which has been swept up by President Trump’s demands for more spending and tax cuts at a time when the public seems to care less about debt than it has in years.

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