At a practical level, there’s some terribly amusing about the right finally expressing displeasure at very idea of more federal borrowing. They’ve taken their sweet time about reaching this point.
For the better part of five years, conservatives couldn’t be bothered at all. The war in Afghanistan? Charge it. Iraq? Charge it. Expanding Medicare? Charge it. Massive transportation and energy bills? Charge them, too. All the while, they backed lavish tax cuts that overwhelmingly benefited the wealthiest Americans.
When the deficit reached $200 billion, Republicans yawned. Then it reached $400 billion, and they barely lifted an eyebrow. But now that Hurricane Katrina is poised to send the annual deficit well past the half-trillion-dollar mark, now conservatives everywhere are jumping up and down, insisting that we contain spending so that we avoid burdening future generations.
Hoping to capitalize on a period of growing concern about the federal deficit, lawmakers from the conservative House [Republican Study Committee] held a heavily attended press conference to tout a variety of potential cuts, nearly all of which have been repeatedly debated — and rejected — in the past. But while they acknowledged that most of their ideas were not new, the assembled lawmakers expressed hope that the budget crunch created by Katrina would prompt Congress to make the difficult cuts it has avoided in the past.
“Now is the time for us to begin to make the tough choices,” said RSC Chairman Mike Pence (Ind.).
It is? When Democrats started complaining a few years ago about massive deficits (after Clinton left Bush with the largest surplus in American history), and Republicans kept on cutting taxes for the wealthy and spending like drunken sailors, it wasn’t time to make tough choices?
Apparently, the magic number is $500 billion — because anything short of that leads Republicans to believe “deficits don’t matter.”
Welcome to the party, guys; it’s nice of you to stop by.