Deficit – Sad!

The Trump era has proven this. Republicans are hypocrites. They’re fine with increasing the deficit to give tax cuts to rich people. They only worry about the deficit when Democrats want to spend money to benefit more people.

Beginning to come to the conclusion that Republican deficit hysteria under Obama was bunk
— Sam Stein (@samstein) August 21, 2019

President Trump has exposed a myth in American politics — the myth that the GOP is the party of fiscal responsibility, writes Julian Zelizer for @CNNOpinion https://t.co/TZp7tY8Kio
— CNN (@CNN) August 25, 2019

“Under its newest baseline, CBO projects trillion-dollar deficits will return next year and debt will rise from 78% of Gross Domestic Product (GDP) today to 95% by 2029.“ #BigGovernmentRepublicans https://t.co/dfX7FEHwgB
— Joe Scarborough (@JoeNBC) August 21, 2019

In the latest Economist/YouGov poll, 70% of Republicans and 66% of conservatives approve of Donald Trump's handling of the budget deficit.
— Sahil Kapur (@sahilkapur) August 21, 2019

I’m gonna keep saying this because it’s so poorly understood: Since 1981 the deficit has grown under every Republican president and shrunk under every Democratic president. https://t.co/UxK2iDh1dp
— Sahil Kapur (@sahilkapur) July 24, 2019

Reagan took the deficit from 70 billion to 175 billion.
Bush 41 took it to 300 billion.
Clinton got it to zero.
Bush 43 took it from 0 to 1.2 trillion.
Obama halved it to 600 billion.
Trump’s got it back to a trillion.

Morons: “Democrats cause deficits.”
— Alex Cole (@acnewsitics) July 23, 2019

in Jan 2009, the govt Obama inherited was running $1-T budget deficit

GOP ripped him throughout his term for running up debt

when Obama handed off to Trump, deficit had been cut below $600-B, to 3.2% of GDP

now deficit’s back to $1-T, 5.1% of GDPhttps://t.co/Cd1xqPCYn8
— John Harwood (@JohnJHarwood) August 17, 2019

10 years ago, the Tea Party raised an uproar over the national debt. Now, Republican deficit hawks are silent.@JohnAvlon tracks how GOP lawmakers have gone from “hawks to crickets” on the exploding US deficit. #RealityCheck https://t.co/H5KhpyGoE8 pic.twitter.com/DuGh4CT5oE
— New Day (@NewDay) August 14, 2019

The U.S. budget deficit grew to $866.8 billion in the first 10 months of the new fiscal year, a 27% increase from the same period one year earlier.https://t.co/Jr9uXz43Mr
— Sahil Kapur (@sahilkapur) August 12, 2019

Trump and Republicans in Congress have exploded the federal budget thanks to their massive tax cuts for the wealthy and corporations. It is one of the biggest lies in Americans politics that the GOP ever cared about the debt and deficit. pic.twitter.com/A3ZDF5lMNR
— Robert Reich (@RBReich) August 13, 2019

Great work by Mitch McConnell in deepening our budget deficit. I guess it was worth it to give his rich friends and donors a tax break. https://t.co/wHAvxstecG
— Amy McGrath (@AmyMcGrathKY) August 13, 2019

It's incredible that people ever thought Republicans had an ideological commitment to lower deficits as opposed to an opportunistic opposition to fiscalstimulus that would get reversed as soon as the party took the White House. https://t.co/q69ZKT02iN
— Joe Weisenthal (@TheStalwart) July 23, 2019

The rank hypocrisy of Trump’s treatment of the national debt as president https://t.co/IKw9njLETo
— Dan Eggen (@DanEggenWPost) July 24, 2019

The nation’s growing budget deficit has prompted little alarm among the U.S. public. In fact, the share of Americans who say reducing the budget deficit should be a top policy priority is much lower than it was during most of Barack Obama’s presidency. https://t.co/n1n4tx97oO
— Pew Research Center (@pewresearch) June 25, 2019

Democrats Brush Off Deficit Fears in Quest to Bolster Safety Net

What a shift since 2011, when Barack Obama touted the virtues of fiscal restraint. Today Dems (including Joe Biden) say money is no obstacle to achieving progressive goals.https://t.co/UhrrS3bRTu
— Sahil Kapur (@sahilkapur) June 25, 2019

Larry Kudlow on the deficit: "I don't think we're at a crisis point right now. It's not a catastrophe. Doesn't bother me right now."

Note: The deficit is up ~80% since Trump took office and is soon expected to hit $1 trillion. #economy
— Heather Long (@byHeatherLong) June 13, 2019

Deficit spending – which Republicans denounced under Obama – is sustaining the Trump economy https://t.co/nMxUoUHBfk
— Paul Krugman (@paulkrugman) May 6, 2019

As I noted yesterday, the Trump administration is now engaged in huge fiscal stimulus. As measured by the CBO's estimate of the cyclically adjusted budget deficit, we're back to levels not seen since 2012 1/ pic.twitter.com/TH7lPX5Eqp
— Paul Krugman (@paulkrugman) May 6, 2019

Deficit will top over $1 Trillion this year. Last time this happened, it was due to the economic downturn of ‘08. We were on a path to lower deficits until GOP came to power when they did a 180 on fiscal conservatism. This is totally self inflicted. https://t.co/BlaDMQ9TPE
— Amy McGrath (@AmyMcGrathKY) April 10, 2019

The lead story in @CillizzaCNN's newsletter tonight –>

"Here's a headline you might have missed amid the onslaught of news about Julian Assange, William Barr, Nipsey Hussle and Michael Avenatti: 'US budget deficit running 15% higher than a year ago.'"https://t.co/yMqC0uyH4Y
— Brian Stelter (@brianstelter) April 12, 2019

Category: Deficit

Tweets on the debt limit

Republicans only care about the deficit when Democrats are in charge