CBO: Republicans Have Blown Up the National Debt Again

The Congressional Budget Office published its latest forecast of the national debt yesterday. Before we get to that, though, let’s take a little trip down memory lane:

For the past 40 years, the Republican playbook has been straightforward: they take office, cut taxes on the rich, and run up the national debt. Each time, Democrats have dutifully cleaned up their messes, only to watch them retake power and use the newly cleaned-up budget as yet another excuse to cut taxes on the rich and run up the national debt. Now Donald Trump has done it:

Needless to say, each time this happens Republicans start issuing dire warnings about the evils of a rising national debt as soon as the tax cut has passed. You’d think people would start cottoning to this eventually, but so far the con just keeps working. I wonder how much longer they can pull it off?

Fact:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and billionaires wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2024 demands.

payment methods

Fact:

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2024 demands.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate