Democrats Need to Get a Grip About the Budget Deficit

Democrats Need to Get a Grip About the Budget Deficit
AP Photo/Jon Elswick, File

Republicans are huge hypocrites on the deficit, the tax bill proves it, and Democrats want everyone to know about it.

“Part of me feels like a sucker now,” Jason Furman, a key White House economic advisor throughout Barack Obama's eight years in office, told Ezra Klein. In the same article, Mark Goldwein, policy director at the Committee for a Responsible Federal Budget said “the hypocrisy is astounding.”

It is kind of astounding. But while calling out hypocrisy is fun, in reality, getting the policy right is what's important. A bill that costs 13 million people their health insurance, raises taxes on millions of middle class families, and contributes to an explosion of inequality is bad in very many ways. But Republicans are right about the deficit.

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