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by jhiska 3056 days ago
So much for the lie that Trump would "end big gov".

More like end having a sustainable budget.

2 comments

> So much for the lie that Trump would "end big gov".

The Republicans like to talk about fiscal responsibility to attack “tax and spend” Democrats, but when the Republicans are in power they are much more inclined to cut taxes than spending (they certainly redirect spending, but they never cut as much as they cut taxes.)

I believe "looting" may be the word you're looking for.
I don't think the actions and the goal are inconsistent. As you quoted it's all about 'ending big government.'

Taxing and spending increases the size of government. And it arguably has no end. Government is the ultimate bureaucracy and will spend every penny it receives, and then some. Even Finland, whose government takes more than 40% of its national GDP in taxes, is now somehow facing mounting government debt. It has phenomenal state programs, but will they prove to be sustainable or not? Since the government is a bureaucracy, the only way to reduce its spending is to reduce the amount of money it has available. As Milton Friedman put it, reducing taxes 'cuts the government's allowance.' Reducing taxes results in either programs being cut out of necessity, or the eventual collapse of the government under its own debt. In either case it certainly 'ends big government.'

The big hypocrisy is not in the tax cuts, but in the spending of presidents like Bush. We spent one can only imagine how many trillions in Iraq and Afghanistan. And while perhaps the military can be considered distinct from government in general, spending money on poorly justified wars we can't afford certainly precludes any notion of fiscal purpose.

The US hasn't had a sustainable budget since 2002.

The Obama years added ~$10 trillion in debt in eight years. How was that sustainable exactly?

For the last decade, the CBO has been forecasting blown out budget deficits starting about now, because of entitlement costs. There's no scenario where the budget deficit doesn't explode, unless you cut entitlements, dramatically raise taxes, or both.

Have a look:

https://www.cbo.gov/sites/default/files/cbofiles/images/pubs...

It looks like most of that was during the Great Recession. Does anyone have any details?

We spent $1 trillion in Iraq and another trillion in Afghanistan, but that should have shown up earlier?

It was the stimulus package no?
Our deficit was $1.4 trillion Obama’s last year in office.

https://www.thebalance.com/us-deficit-by-year-3306306

Both parties are spending our children’s future.

I'm assuming you meant first year in office, also the last Bush budget (as fiscal 2017 was the last Obama budget and the coming one will be the first Trump budget).

As for 2016, I am confused by the numbers on that table - the addition to the debt seems to have several hundred billion in unexplained increase that doesn't appear to be referenced anywhere that I saw.