Trump Drops GOP’s Goal Of Balanced Budget

The Washington Post reports:

President Trump is remaking the Republican economic playbook in his own image, abandoning ideological consistency in ­favor of a debt-busting strategy that will upend how Washington taxes and spends trillions of dollars each year.

On Monday, Trump is slated to announce a new budget plan that will no longer seek to eliminate the deficit over the next decade, forfeiting a major Republican goal, according to three people familiar with the document. The plan will call for a range of spending cuts that reduce the growth of the deficit by $3 trillion over 10 years, but it will not attempt to balance the federal budget, said the people, who spoke on the condition of anonymity to discuss the proposal before its official release.

The decision to relinquish the deficit goal comes after Trump pushed a $1.5 trillion tax cut through Congress late last year and signed a two-year budget deal last week that lifts federal spending limits by $500 billion, suspends for one year the ceiling on the national debt and is expected to lead to $1 trillion annual budget deficits.

  • Treant

    Welp, that kicks out another stanchion of the Republican “core” that, I’m sure, will pass without Deplorable comment.

    On the up side, it means that complaints of non-balanced budgets can simply be laughed at in the future.

    • Chucktech

      It is a serious thing and, apparently, Democrats have to be the adults. And they can begin to address it by undoing some of this ludicrous tax giveaways to the wealthy.

      • Treant

        At this point, screwing the wealthy is called for; we need services (that other “lesser, shithole” countries provide easily) and a reduction of debt.

        • Skeptical_Inquirer

          Seriously, we need to claw back all the ill gotten gains from this bogus tax plan and more to punish them.

          • Treant

            Alas, won’t happen. Look who bankrolls the Dems (and yes, even that Barney Slanders guy).

        • Chucktech

          Screwing? No. Having them pay their fair share? Absolutely. That’s all I’d ask, you made all your money through the fruits of this country, now pay your fair share to help your country. It’s in trouble.

          • Treant

            I have no problem with a temporary–say 25 year–screwing to make up for the Reagan era to present and their free ride.

  • Chucktech

    Goal Of Balanced Budget, please…

    That’s only a goal when the Democrats are in charge. When that begins to happen (and it better be in 2018), they’ll be running their mouths about it again.

    • Treant

      I find that “Trump” is the appropriate answer to most criticism. Then just laugh and walk away.

      • Chucktech

        No one should pay any attention to what actually comes out of Trump’s mouth. He is so demonstrably unfit and truly unable to give any informed opinion or analysis.

    • Bad Tom

      And we make progress towards that goal when Democrats are in charge.

  • elvigy

    Sigh. This has been the pattern since at least Reagan and I don’t know why the press or the public keep falling for it. Once in power, they don’t give a shit about the debt. It’s only when they can use it as a cudgel against Democrats that they pretend to care and everyone goes along for some reason.

  • Leo
    • Treant

      I guess folks better get off their asses and vote in November.

      (I’m still fifty-fifty on whether that’ll happen; we’re showing the typical tendency to get used to fascism very, very quickly).

    • The_Wretched

      There is only one goal in Trumpland – massive looting by the elite class. It’s economic warfare top down.

      • Xiao Ai: The Social Gadfly

        This is rape, not warfare. To have warfare at least two parties need to actually fight against each other. The people don’t have the stomach for it as long as they don’t see it immediately affecting themselves. I see a long, slow, painful, death at Starbucks and Target.

        • BearEyes

          Pillage and plunder

      • jeffg166

        Socialism for the Rich.

        • Dave B

          Martin Luther King Jr: “This country has socialism for the rich, rugged individualism for the poor”

    • Nic Peterson

      I wonder if the Teatards will notice the jolly good rodgering they are going to receive? Are they willing to give up the system that will extend their miserable lives and shuffle off to roads paved with gold or some stupid shit like that.

    • thatotherjean

      Because of course it does. This is what Paul Ryan dreams about. How else are they going to make up for that l.5 trillion tax cut they gave their best pals? Feed the rich, screw over the poor, diminish the middle class. It’s the GOP way!

  • greenmanTN

    Much like the evangelicals and their claims of “family values” and moral superiority after supporting Trump, I NEVER want to hear another fucking Republican claim they are the party of “fiscal responsibility.”

    • Nic Peterson

      But that’s all we will hear. The Dotard’s deficit is Obama’s fault.

    • jeffg166

      They are only concerned about the deficit when a democrat is in control.

    • -M-

      Or national security. Or rule of law. Or limited government. …

      And I’m especially sick of hearing those thieving fascists bray about their fake reverence for the Constitution.

    • Gerry Fisher

      As long as they can privatize things and make billions for their corporate overlords, they’re cool with deficits.

  • Dreaming Vertebrate

    Wait!
    A man who calls himself a stable genius can’t even balance a budget.
    Perhaps – not so stable, and not so balanced after all.

  • clay

    I hope this disabuses Paul Ryan of any loyalty to Trump.
    Maybe, then, we can actually get immigration reform that’s not stupid.

    • Mikey

      ROFLMAO
      “Paul Ryan” and “loyalty” in the same sentence! Quite the tour-de-force, congratulations.

      For ALL republicans, it’s “party before all else”.

    • bkmn

      The Koch brothers don’t care (since they got their tax cut, and more to come) so Ryan won’t care.

    • Smokey

      “The lower they go, the tighter they hang together.”

    • Nic Peterson

      May I have a puff of whatever it is that you are smoking?

    • Friday

      I think Ryan will play along as long as the looting by the ultra-rich continues and anything constructive or positive or supportive of society is dismantled to do it. And he’ll probably shamelessly continue to try and do this while the government throws more and more money and tax cuts at the corporations and oligarchs and military (except of course for what benefits the troops and vets) while destroying any regulation or order or protection for the regular people or the future that he can,

  • Blake J Butler
    • Mike_in_the_Tundra

      I love it. Michele Obama is showing off her guns.

    • Ginger Snap

      Love.

    • safari

      There’s a lot of complaining, but I like them.

      • jeffg166

        I like Barack but that doesn’t look like Michelle. Not told I would have no idea who it was.

        • Hunter M

          Exactly. The face is poorly done. I would never have known who it was.

      • Gerry Fisher

        They’re different…in a good way, I think.

    • pj

      love him hate her………picture

  • killreligion

    Obama and Clinton are the only presidents I can recall that had a balanced budget, I think???

    Dems should make this their goal. Reduce defense and waste, be fair on social safety net, boost job retraining and close Corp loopholes

    Dems: the new conservatives! Ha ha. Actually that’s not really conservative. It’s just good policy.

  • Smokey
    • JD

      Reagonomics was the start of a serious decline–everything became measured in dollars only – everything became commoditised–and the Chicago School of Economics churned out MBAs to infect business and government world-wide…so-called “fiduciary responsibility” became you MUST screw your workers to increase dividends–and people STILL buy that argument. This sole focus on bucks is destroying capitalism such that the US is far more likely to become a totalitarian oligarchy like Russia than a Scandinavian blend of socalism-capitalism.

  • Rex

    Seeing how they wanted a businessman in the White House, does this mean the United States Government will eventually file for bankruptcy? Isn’t that what’s happened to many of Trump’s businesses?

  • R W C

    Trump’s second favorite B word is BANKRUPTCY; his favorite B word is NOT Budget or Balanced.

  • Jim Michaud

    And there are still some people who wonder why Trump went bankrupt several times. You just can’t fix stupid/ignorance/cognitive dissonance/…

  • The_Wretched

    Republican deficit concern always was a lie but geez, talk about giving up the lie.

    • Hunter M

      Not only a lie, but a big lie that they knew the gullible would lap up. It’s become one of their trigger phrases. Means nothing but stirs up the base.

  • Paula

    Does Trump realize that the country is not like one of his businesses? He can’t get it into massive debt, declare bankruptcy and walk away. There are millions of people that will be hurt.

    • The_Wretched

      And it’s not like a nation’s debts are magically forgiven by foreign entities either. China holds a ton of US debt. They can launch missiles and do other-nasty-things(tm) to us.

      • Treant

        But wouldn’t because you don’t bomb your investment.

        The consequence of wide default on the debt, however, is nearly as bad; instant Super Great Depression territory.

    • Skeptical_Inquirer

      He doesn’t care as long as he can personally walk away.

      • thatotherjean

        If we did default on our national debt, I’m pretty sure that the only thing Trump would walk away into would be the business end of a pitchfork–or maybe an assault rifle. Default would mean worldwide depression.

    • Hunter M

      He never expected to win. He never counted on having to govern. He was as shocked as the rest of us. Now he’s just winging it. Clueless governing with no understanding or plan. It’s pretty obvious that he only cares about himself and could care less if he hurts millions in the process.

    • ColdCountry

      He.Doesn’t.Care.

  • bkmn

    No one should be surprised by this. No one.

  • Tom Furgas

    So many fools said they would vote for Trump because he is a “successful businessman”. Let’s see if any of those idiots have second thoughts now.

    • -M-

      Still waiting for them to have first thoughts. 💀

  • Todd20036

    And yet the Nazis will scream about the deficit when (if!) we ever get a democrat in the WH

    • Friday

      Oh, they’ll still scream about their own massively-inflated deficits when anything *constructive* needs to be done, as opposed to wealth and land transfers to the ultra rich and the corporations.

  • Rex

    Fuck all of them if they cut into entitlement programs to fund that damn wall.
    Trump’s fuckin’ lies are going to hurt the most vulnerable of our citizens.

  • Uncle Mark

    Could you expect anything else from President Bankruptcy?

  • That_Looks_Delicious

    Cheezus Crust it’s amazing that he doesn’t give himself whiplash. Does he even remember his own tweets from the last 24 hours?

    Here is a better translation:

    https://twitter.com/realGollumTrump/status/962835348710666240

  • another_steve

    Trump Drops GOP’s Goal Of Balanced Budget.

    Trump Drops Dead.

    O Happy Day.

  • Bambino

    Bone spur cadet intent to fuck the next 3 generations as well. Sorry kids. I won’t live long enough to see you suffer.

  • MoonlightUnkindledOne

    Might as well beat this dead horse again. Hey, Trump voters. Tell me again how Hillary would have been worse? I’m waiting with bated breath.

  • Ragnar Lothbrok

    It’s like all they stand for is wife beating these days.

    • The_Wretched

      Josh Marshall has a good if long read on point today. https://talkingpointsmemo.com/edblog/rob-porter-is-the-illumination-flare-of-trumpist-rot

      The TLDR is that Trump’s WH is filled with wifebeaters and similar people. He also answers the question of why is the Porter scandal such a blow up over there when a bunch of other stuff hasn’t been.

      • Cuberly Deux

        His piece on Porter is excellent. And it makes sense that it’s blowing up the way it is.

  • MikeBx2

    Tax cuts for the wealthy. Deficits for the little people. The Art of the Con-Man.

  • Gay Fordham Prep Grad

    Of course he does not care. He knows that when you can’t pay your bills you just declare bankruptcy and start all over again, and again, and again and again.

  • Megrim Twist
  • BearEyes

    Bankrupt like his casinos.

  • 1980Gardener

    Looks like the Dems got what they wanted!

    Trump caved.

    • Friday

      Err, no. The Republicans loot the nation and screw the future over while still using debts *they* keep making as an excuse to cut public services and social programs and needed regulations and consumer protections and infrastructure we needed, science itself, not to mention all the disaster services we increasingly need, never mind doing anything to fix the problems they want to redouble with the environment… That’s not ‘what Dems wanted,’ ….it’s still a looting, Drumph just wants to throw more of the nation’s wealth and future, ie ‘other people’s money’ to the rich GOP donors and his bigoted Fundie base (‘s wealthy scam-preachers) and keep throwing more and more public money to himself and his family in the process.

  • JT

    Trump Drops GOP’s Goal Of Balanced Budget

    Because Drumpf is still pilfering money from the country.

  • MikeBx2

    This is from 2013. (but we’re all numb to the hypocrisy by now)
    https://twitter.com/realDonaldTrump/status/306138950349758464

    • William

      Things were different five years ago.

      • MikeBx2

        Haha. VERY different.

      • OdieDenCO

        it like black and white

  • Jean-Marc in Canada

    This should come as no surprise (doubtful it did) to anyone. The man made a career out of overspending and bankrupting his properties, so why not the nation? The damage he’s already done will take years to fix, assuming the GOP is destroyed in the midterms and voters toss him out in 2020. That said, given the last election and the continuing infighting on the left, I’m not completely reassured.

    • The_Wretched

      The so-called moderate dems (corporatists) don’t like the left any more than the republicans do. The difference is a question of how to structurally loot. 1 time whole-sale (what we are seeing in the tax bill, coming infrastructure and social supports looting bills) or if you try to keep the system functioning but structurally set up the system to divert wealth streams to the overclass while keeping the bottom on life support.

      We can see my framing as correct by looking at where the FEDDEMS spending their support dollars and how they have been acting in the last year. It’s no coincidence that Frankin and Conyers were the sacrificial victims. They stood out as the furthest left and most honestly interested in a better US.

  • Michael R

    ‘ Nobody knew _____________________ could be so complicated ‘

  • Luther Kreiger

    Thank goodness rethuglican fiscal policy remains unchanged!

    • customartist

      So true

  • JWC

    Trump hasn’t a clue what a budget s He is just a puppet for those that pull the strings

    • customartist

      Correct. No moral or political compass

      • JWC

        Compass? WTF is a compass?

  • boobert

    The king of debt will do what he’s always done ! Keep borrowing , and not pay.

  • Steve Smith

    Budget proposals brought to you courtesy of the Koch brothers.

  • thatotherjean

    ‘Dropped’ the GOP goal of a balanced budget? With that tax bill monstrosity, Trump tossed the budget on the ground, set it on fire, threw the ashes in the Potomac, and sowed the ground with salt. And the GOP didn’t let out so much as a peep.

  • 2patricius2

    They never cared about a balanced budget. They only cared about running up the deficit through tax breaks for themselves and their rich friends, and then using the debt created as a tool to cut services for everything else and cut earned benefits such as Medicare and Social Security, using the debit as a justification for the cuts. The only time they rail about the deficit is when Democrats are in office. Then when Democrats try to increase spending for needed services, the Republicants cry: “Deficit, deficit, deficit!” It’s all a scam.

    • customartist

      Republican Voters are blind to this reality although it has been going on for decades

  • Frostbite

    It’s ok. He will just file for bankruptcy. He’s the best at it!

    • William

      He can torch the place and collect the insurance.

  • BobSF_94117

    But don’t worry, he’s got a line to a great place to get loans from…

  • Tempus Fuggit

    Aw, that’s okay, he’s a sinner just like us all, so he gets a mulligan. aHyuck! In jeeziz’ name aymen.

  • Tomcat

    SUCKERS, HOW YOU LIKE HIM NOW?????

  • William

    Well duh.

  • Ben in Oakland

    So who is surprised?

    The party of fiscal responsibility, the party of moral responsibility, the party of personal responsibility…

    Actually has no interest in responsibility whatsoever.

    • customartist

      Only when a Dem is in the Administration

    • Gianni

      They’ve quite willingly become the Party of Complete Bullshit.

  • jimbo65

    But of course. All other norms and pretenses have been thrown out the window. Why not the favorite Gop fainting couch issue..

  • Rick

    MABA

  • customartist

    DDM = Debt Doesn’t Matter

    “Borrow to the hilt and when you can’t make the payments just renegotiate the debt” – DT

  • Gianni

    “Trump Drops GOP’s Goal Of Balanced Budget”……He didn’t just drop it; he drop-kicked it right out of the field. Whatever has happened to the traditional Republican frugality? I haven’t seen it lately.

    • Halou

      It went to the same place as their traditional family values, and their traditional “patriotism”. The first opportunity they got the entire damned circus pledged allegiance to America’s bitterest adversaries.

  • Halou

    I think that at this rate we should stop trying to oust the bastard, let him sit in office for two terms so that his economic incompetence comes back around on him and he becomes the only president in US history to declare a national bankruptcy.

    Maybe then voters will see the GOP for what it is, a treasonous gang of scammers who are as much opposed to America and everything it stands for as the Soviets, the Nazis, and the Confederacy were in times past. Only instead of making war on the United States, the GOP has for decades now desired to rot the nation and collapse it from within.

    https://www.youtube.com/watch?v=9mMUwZhDzCQ

  • JCF

    I’m shocked, shocked!

  • JohnInCA

    What? Uh, they never cared about deficits or the debt while they had a Republican president. The only time they’ve ever cared about those is when the president is a democrat.

    Don’t blame this one on Trump.

  • leastyebejudged

    lol, nobody has ever cared about the budget being balanced, lololol