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A royal future?

Jan 20, 2020
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The GOP lost the budget fight … again

Kai Ryssdal, Andie Corban, and Sean McHenry Jul 24, 2019
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Treasury Secretary Steven Mnuchin, above, and House Speaker Nancy Pelosi, D-Calif., negotiated a budget deal this week that increases federal spending. Juan Mabromata/Getty Images

The GOP lost the budget fight … again

Kai Ryssdal, Andie Corban, and Sean McHenry Jul 24, 2019
Treasury Secretary Steven Mnuchin, above, and House Speaker Nancy Pelosi, D-Calif., negotiated a budget deal this week that increases federal spending. Juan Mabromata/Getty Images
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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.

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