They say that there are few things in life as certain as Death and Taxes. And I’ll add to that to include that Republicans will blame poor people for deficits.
So it comes to pass that after passing the Billions for Billionaires bill —a $1.5 trillion tax cut that Republicans insisted would pay for itself and then some—CNBC tells us that the U.S. budget deficit sprinted—without breaking a sweat—to $779 billion for this fiscal year, a 17-percent increase from last year.
So much winning!
Republicans, of course, blame the social safety net for the exploding deficit and debt, and again insist that entitlements must go.
Top economic advisor to Prznint Stupid, the Baghdad Bob of Economic, Larry Kudlow, says that tax cuts did not increase the deficit, and that the real problem is “principally spending too much.” As you may recall, Kudlow claimed earlier this summer that the deficit was already retreating.
Treasury Secretary and living typo Steven Mnuchin told CNN, “People are going to want to say the deficit is because of the tax cuts. That’s not the real story.”
Amply be-chinned Mitch McConnell:
“It’s disappointing, but it’s not a Republican problem,” McConnell said Tuesday in an interview with Bloomberg News when asked about the rising deficits and debt. “It’s a bipartisan problem: unwillingness to address the real drivers of the debt by doing anything to adjust those programs to the demographics of America in the future.”
Ol’ Mitch would set afloat the old and poor on the proverbial iceberg if he could, and no cheese sandwich for them! “What, you think we’re made of money?,” he didn’t say with his rictus green.