Ted Cruz is asked why national debt is paramount to Republicans only when a Democrat is in the White House

Authored by marketwatch.com and submitted by mafco
image for Ted Cruz is asked why national debt is paramount to Republicans only when a Democrat is in the White House

During his 2016 presidential campaign, Donald Trump — even though he had dubbed himself “the king of debt” — promised to slash the mounting national debt until it was completely eliminated within eight years. Four years on, how’s that going? Not well.

Turns out the U.S. government, due in part to the coronavirus pandemic, ran a record budget deficit of $3.1 trillion in the fiscal year that ended in September. The deficit, which is the gap between what the U.S. spends and what it earns through tax receipts and other revenue, came to $2 trillion more than what the White House had forecast earlier in the year.

By comparison, the deficit in 2019 totaled $984 billion.

The cumulative effect of running up the deficit year after year, including 2020’s spike, has resulted in a national debt of more than $27 trillion, up from less than $20 trillion when Trump took office.

Read: How each president has contributed to the national debt

Axios on Monday asked Sen. Ted Cruz, the Texas Republican, why his party tends to focus on the national debt when Democrats hold the White House, but to turn their attention elsewhere when the GOP is in charge of the executive branch.

“I have raged against my own party not genuinely fighting to rein in spending and deficits and debt,” Cruz said, prompting Axios political correspondent Jonathan Swan to ask whether Republicans would renew their focus on debt should the Democrats take back the White House.

Swan then asked, “Isn’t that the most cynical, phony thing?”

The exchange was widely shared on social media, with one tweet offering up a cartoon criticism of what Cruz and his party have meant for the debt:

Other than the expected partisan finger pointing and name calling, Swan mostly drew praise in the replies for how he handled the interview:

Read on: Social media reacts to Trump’s ‘shocking’ Axios interview with Jonathan Swan

NeverLookBothWays on October 28th, 2020 at 02:05 UTC »

Just a reminder that ramping up debt and then crying foul when not in power is a fully fleshed out Republican re-election strategy from the 1970’s, first put into action with Reagan:

https://www.commondreams.org/views/2009/01/26/two-santa-clauses-or-how-republican-party-has-conned-america-thirty-years

PicaDiet on October 28th, 2020 at 01:23 UTC »

That was awesome. There’s an interview floating around the Internet between a British BBC I think) interviewer and Ben Shapiro which ends with a flustered Shapiro ripping off his mic and storming out.

The US needs more more British journalists.

MaximumEffort433 on October 28th, 2020 at 01:00 UTC »

Some things Republicans will start caring about in 2021:

The debt The deficit Precedents The troops Corruption Dishonesty Qualifications Bipartisanship Federal norms Playing politics Being "divisive" Executive orders National security Americans dying

Also, just a friendly reminder that as of January 21st, 2021, the unemployment rate will once again be 20%-30% higher than the fake jobs report* states, and will remain that way until a Republican is elected, appointed by the Supreme Court, or upon a successful Biden/Harris/Pelosi impeachment.

*Folks asking me why I'm calling the jobs report fake, and it's because for years under Obama every Republican in the world insisted that "The unemployment rate isn't really 4.7%, Obama's lying to you, it's much closer to 40%, the jobs report is fake!" Then, the day Donald Trump took office, the jobs reports were real again and he magically achieved a 4.6% unemployment rate between the time he was inaugurated and his first press conference. If Joe Biden takes office, and achieves a reasonable unemployment rate (no reason to think he wouldn't) then Republicans will once again return to complaining that the jobs numbers are fake, and unemployment is actually at historically unprecedented levels, they will continue saying this until the next time a Republican wins the Presidential election.

Edit: Hijacking my own thread to encourage everyone to call their Representatives and Senators to tell them that you want H.R.1 and H.R.4 to be day one bills if we win in November. Together they're a comprehensive electoral, voting, judicial, and ethics reform package, and we need them now more than ever. If they pass in 2021, we could see significantly fewer problems in our 2022 midterms.

Also vote in the 2022 midterms! If we elect Biden, then let Republicans win the house in 2022 (Like we did with the Tea Party in 2010) we might as well be killing Biden's agenda ourselves. Start getting people psyched about 2022 now, while they're still paying attention!