After eight years of silence during President Obama eight years in office, which saw deficits average $910 billion a year and the national debt explode by $9.3 trillion, Democrats are suddenly fretting about deficits. If only their concern were genuine and not a cynical attempt to derail much-needed tax reform.
The Republican plan is a "deficit-busting tax cut to benefit the wealthiest Republicans," says Senate Minority Leader Charles Schumer. House Minority Leader Nancy Pelosi warns that it would "take us so deeply into debt … it will necessitate a trillion dollars being cut out of Medicaid."
Various other Democrats say the tax cuts would "blow a massive hole" in the budget, while chastising Republicans for suddenly not caring about deficits.
Let's leave aside the fact that Democrats didn't raise a peep of protest during the Obama years, when deficits topped $1 trillion four years in a row, nor did they complain about the near doubling of the nation's debt.
The fact is that critics of the GOP tax plan are just plain wrong to pin the blame for future deficits on tax cuts.