After Joe Biden’s victory in the 2020 presidential election, liberal economist and New York Timescolumnist Paul Krugman predicted that the GOP “budget hawks” who had been silent during the Trump years would suddenly rediscover fiscal conservatism. And sure enough, now that Biden is president, Republicans are attacking him for increasing the United States’ federal deficit.
Biden addressed GOP grandstanding about the deficit during a news conference on Thursday, pointing out that Republicans in Congress weren’t worried about the deficit when they passed the costly Tax Cut and Jobs Act of 2017.
Biden said of Republicans, “Did you hear them complain when they passed the close-to-$2-trillion Trump tax cut, with 83 percent going to the top one percent? Did you hear them talk about that at all?” Continue reading.