Republicans Once Railed Against Deficits. Now President Trump’s Tax Plan Piles On More Than $2 Trillion In Red Ink

The following article by Lisa Mascaro with the Tribune Content Agency’s Washington Bureau was posted on the National Memo website October 6, 2017:

President Trump spoke about his administration’s tax reform plan in Indianapolis on Wednesday. Credit Tom Brenner/The New York Times

WASHINGTON — Not long ago, Paul D. Ryan stood before charts and graphs as the House Budget Committee chairman like a new Ross Perot, promoting an austerity plan that slashed taxes and spending, and warning of the dangers of deficits.

“The facts are very, very clear: The United States is heading toward a debt crisis,” he said then. “We face a crushing burden of debt which will take down our economy, which will lower our living standards.” Continue reading “Republicans Once Railed Against Deficits. Now President Trump’s Tax Plan Piles On More Than $2 Trillion In Red Ink”