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CNN’s Avlon shreds the GOP’s lies about Trump’s tax plan paying for itself after the deficit nearly doubles

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On Wednesday, CNN “Reality Check” host John Avlon slammed Republicans for lying about their plan for the federal deficit — and their hypocritical lack of concern that it has been a massive failure.

“Over one year ago, we started ‘Reality Check’ on ‘New Day,'” said Avlon. “The very first topic we hit was GOP hypocrisy over the deficit. It seems their new slogan should be, deficits don’t matter unless a Democrat is president. Because the U.S. deficit is exploding during an economic expansion under tax cuts and spending hikes under president Trump. It’s getting worse. During the debate over the Trump tax cut we were told this over and over again.”

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“The tax plan will pay for itself with economic growth,” said Treasury Secretary Steve Mnuchin in a clip.

“Not so much,” said Avlon. “In fact the deficit grew 27 percent in the first few months of this fiscal year to an astonishing $866.8 billion. And we’re not expected to exceed with federal spending hitting a record $3.7 trillion.”

“Fiscal conservatives on Capitol Hill had this response,” added Avlon, to the sound of crickets.

“Keep in mind, all this is happening during a record-breaking economic expansion,” said Avlon. “Now its 122nd month. Roughly three quarters under President Obama and one quarter under President Trump. And that’s why these deficits are so troubling. They shouldn’t be growing at this stage of economic expansion.”

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“But wait, you say. Larry Kudlow told us last summer the deficit is coming down and coming rapidly,” continued Avlon. “Well, that wasn’t true then and even worse now. Kudlow now says the record debt is not a huge problem at all. So I guess we can forget the Trump promise to eliminate it in eight years because he’s almost increased it by twofold so far.”

“Our friends at CNN Business did some number crunching to put this record in perspective,” said Avlon. “In his presidency to date, 645 trading days to be precise, Trump has seen the stock market rise, but that lags way under the stock market growth by Obama at this point of his president at 46 percent. But the stock market is the least of our worries. It’s the merciless budget math that doesn’t add up. With deficits exploding due to a giddy combination of tax cuts and spending hikes passed along party lines. It brings to mind something Larry Kudlow once said.”

“We’re getting another goofy deficit, blow the hole wide open short-term plan, which frankly I don’t think anybody believes this stuff anymore outside of the White House,” said Kudlow in a clip.

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

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2020 Election

He’s trying ‘to get under Trump’s skin’: Reporter Olivia Nuzzi outlines Joe Walsh’s impact on 2020

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Republican strategist Shermichael Singleton explained during an MSNBC panel discussion that former Rep. Joe Walsh isn't likely to peel away many voters from Trump as someone who is "Trump-light." New York Magazine reporter Olivia Nuzzi, however, thinks Walsh with have a more significant impact, whether or not he can win the primary race.

During a CNN panel discussion, Nuzzi similarly noted that Walsh's primary purpose could be to troll the president.

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CNN

Boris Johnson ‘tremendously humiliated’ Donald Trump on a global scale at G-7 meeting: CNN analyst

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United Kingdom Prime Minister Boris Johnson was one of President Donald Trump's favorite people to take over for Theresa May when she resigned this summer. But Johnson also mocked the U.S. president and humiliated him on a global scale, said New York Magazine reporter Olivia Nuzzi.

During a panel discussion on CNN Sunday, CNN's Ryan Lizza opened by saying that Johnson is in a tight spot as he's trying to negotiate Brexit while serving as an international leader to the G-7. Johnson also needs to negotiate a trade deal with Trump, but he clearly is going about it in the worst possible way.

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CNN

‘That’s total nonsense’: Bill Kristol punches Santorum right between the eyes on Trump’s failing trade policy

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CNN contributor Rick Santorum said he was personally offended on Sunday after conservative writer Bill Kristol attacked President Donald Trump's trade policy.

During a segment about Trump's trade war with China, Kristol noted that the president seems "demoralized" and "depressed."

"His economists have told him privately we're slowing down and we're at some risk of toppling into a recession," Kristol explained. "His political people have told him his numbers are going down not up."

The conservative writer pointed to Trump's racist attacks on black lawmakers as one mistake he has made.

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