Remember all those times the Republicans in Congress shut down the government and threatened to default on the debt? The ostensible cause was the out of control deficit. Back in the day when President Obama was drafting the budget, these Republicans were arguing that the national debt threatened the well-being of our children and grandchildren. They claimed to view deficit reduction as a sacred cause.
Well, we’re about to see a religious conversion of world historic size as the Republican Party, and its congressional leader Paul Ryan, convert from deficit hawks to big spenders. With Donald Trump in the White House, we’re going to discover that they think large deficits are just fine.