https://www.politico.com/story/2018/02/02/spending-deal-deficit-hawks-congress-384968
Within inches of a handshake agreement, the GOP’s most recent proposal is said to be more than $300 billion, raising defense caps by $80 billion and domestic caps by $63 billion over each of the next two years.
In December, nearly every Republican voted for a massive tax bill that will cost $1.5 trillion over a decade.
By the time the fiscal year is over, GOP leaders may have negotiated upward of $2 trillion in new spending, most adding directly to the deficit.
Besides the tax cut and the spending deal, lawmakers are also on the cusp of approving $130 billion in disaster relief. There are also separate talks of a pensions relief package, worth as much as $60 billion, as well as funding for community health centers. And a Trump-backed $200 billion infrastructure package may be around the corner.
This is very confusing, because some of this is over 10 years, and some of it is over 2 years, and some of it is a one-shot deal. Still, the trend is way higher, and that is one reason why inflation is coming back.
But who cares about the deficit since we never have to pay it back, right?
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