Remember when Ryan and McConnell passed that insane Omnibus bill worth over $1 trillion dollars and greenlit every single thing on Obama’s wish list?
Well, now, he and Senate Majority Leader McConnell are threatening to block Trump’s spending plan.
The bill included funding for Obama’s controversial amnesty program and Obamacare.
So, now these two dopes are going to get “tough?”
In the afterglow of Donald Trump’s unexpected triumph, Republicans exulted over what they could accomplish with control of both chambers of Congress and the White House.
But behind the public show of unity, a stark difference looms. House Speaker Paul Ryan is a fiscal hawk who wants to couple tax cuts with deep spending cuts. Trump catapulted himself into the presidency talking about tax cuts too, but he also is proposing a multibillion-dollar infrastructure plan and has vowed to protect entitlement programs like Social Security and Medicare.
Such gaps went unmentioned when Trump met with Ryan and Senate Majority Leader Mitch McConnell last week. But ultimately, one side will have to bend, whether Trump ends up moderating his spending and tax-cut plans, or congressional fiscal hawks relent on their opposition to new spending.
The signs of a looming clash are already there. One day after meeting with Trump, McConnell poured cold water on Trump’s spending plans, telling reporters that a government stimulus wasn’t going to help the economy.
“A government spending program is not likely to solve the fundamental problem of growth,” he said Friday.
But Trump mentioned only one policy proposal during his victory speech last week: his infrastructure plan.
“We are going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals. We’re going to rebuild our infrastructure, which will become, by the way, second to none,” he said. “And we will put millions of our people to work as we rebuild it.”
Such a plan may be too much for congressional Republicans to swallow, and Ryan and McConnell haven’t backed it.
But House Majority Leader Kevin McCarthy of California showed some softening on the issue Monday, telling reporters that an infrastructure bill can be “a priority” and “a bipartisan issue.” He said there can be ways to pay for it, though he didn’t provide specifics.
“Infrastructure in America is lagging far behind,” McCarthy said, noting that Congress passed a highway bill this year for the first time in more than a decade.
Anthony Scaramucci, an economic adviser named to Trump’s 16-member transition executive committee, cited the president-elect’s $1 trillion infrastructure plan, saying it would be financed by “historically cheap debt” and private-public partnerships.
“We can close the wealth gap in America by replacing emergency-level interest rates with fiscal stimulus,” Scaramucci, the founder of the investment firm SkyBridge Capital, wrote in an op-ed in the Financial Times last week.
Ryan and House Republicans have spent the past six years enforcing strict budget caps aimed at holding down the federal debt. Republicans even took the government to the brink of default in a battle over raising the debt limit.
“As we move from campaigning to governing, something will have to give since cutting taxes without major spending cuts will make our already unsustainable debt situation even worse,” says Maya MacGuineas, president of the non-partisan Committee for a Responsible Federal Budget in Washington.