For decades, the Republican Party has said it wants to lower government spending. But a bipartisan budget deal announced this week is set to increase the national debt, which is currently over $22 trillion.
It’s not the first time spending has gone up under Republican leadership. John Harwood of CNBC wrote about why the party keeps losing budget fights.
“What Republicans do is support spending cuts in theory,” Harwood told host Kai Ryssdal. “But when it comes to actually fighting over taking away services that exist, the public doesn’t want that. Republicans know it, and they back away.”
Congress is likely to vote on the budget deal next week. It increases spending by $320 billion, going far beyond the budget caps Republicans set on former President Barack Obama through the 2011 Budget Control Act.
“Every Republican president since Ronald Reagan has seen the budget deficit increase on his watch,” Harwood said. “Every Democratic president, and we’re talking about Bill Clinton and Barack Obama, has seen the budget deficit decline. That is being repeated under President Trump. ”
Click the audio player above to hear the interview.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.