Ryan: Trillion-dollar deficits were inevitable
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Posted On: 04/15/2018 11:59:59 PM
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Ryan: Trillion-dollar deficits were inevitable
Source: MSN/The Hill
Speaker Paul Ryan (R-Wis.) says that trillion-dollar deficits could not have been avoided by the GOP-controlled Congress, responding to critics within his party who say that leaders have behaved irresponsibly.
"That was going to happen. The baby boomers retiring was going to do that," Ryan said on NBC's "Meet the Press" of projections that the country will start running trillion-dollar deficits as soon as 2020.
Quote:
Ryan and other GOP leaders have come under fire for passing a $1.5 trillion tax cut last year, which may wind up costing more than expected, in addition to a $1.3 trillion omnibus spending package in March.
Sen. Bob Corker (R-Tenn.) has said voting for the tax package "could well be one of the worst votes I've made" and that the Trump administration is "on track to be one of the most fiscally irresponsible administrations in history."
Read more: https://www.msn.com/en-us/news/politics/ryan-...li=BBnb7Kz
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