Ryan: Trillion-dollar deficits were inevitable [View all]

[TomCADem]

Source: MSN/The Hill

Speaker Paul Ryan (R-Wis.) says that trillion-dollar deficits could not have been avoided by the GOP-controlled Congress, responding to critics within his party who say that leaders have behaved irresponsibly.

"That was going to happen. The baby boomers retiring was going to do that," Ryan said on NBC's "Meet the Press" of projections that the country will start running trillion-dollar deficits as soon as 2020.

Ryan and other GOP leaders have come under fire for passing a $1.5 trillion tax cut last year, which may wind up costing more than expected, in addition to a $1.3 trillion omnibus spending package in March.

Sen. Bob Corker (R-Tenn.) has said voting for the tax package "could well be one of the worst votes I've made" and that the Trump administration is "on track to be one of the most fiscally irresponsible administrations in history."

Read more: https://www.msn.com/en-us/news/politics/ryan-trillion-dollar-deficits-were-inevitable/ar-AAvUpo2?li=BBnb7Kz

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For 20 years, Paul Ryan has been selling himself as a deficit guru. Remember the man of many graphs with the kitchy title of Pathway to Prosperity? Remember when Ryan was selling Americans on why they should give Republicans control of Congress:



Here is Ryan in one of his trademark GOP infomercials:

Well, where are we now?

https://www.vox.com/policy-and-politics/2018/4/15/17239576/paul-ryan-retirement-budget-deficit-tax-cuts

Paul Ryan has no good answers for the ballooning deficits that happened under his watch

House Speaker Paul Ryan (R-WI) sold himself as a policy wonk and budget hawk throughout his 20-year career in the House. Now Ryan is retiring at the age of 48, after less than three years as Speaker. He seems to have abandoned the principles he championed during his time in Congress — fiscal responsibility and budget austerity — leaving ballooning deficits and Republican infighting. (For reference, the Congressional Budget Office this week estimated that deficits are going to be about $1.85 trillion bigger over the net 10 years, primarily because of the $1.5 trillion tax cut passed by Republicans in December.)