New York Times: “For years, Republican lawmakers lamented the soaring national debt, pressing for spending cuts and clinging to the mantle of fiscal responsibility. But last week, Senate Republicans hammered out a deal to allow for as much as $1.5 trillion in tax cuts, betting that supercharged growth will make up for lost revenue, a potentially dubious prospect.”
“This month, the majority of Republicans in the House and the Senate voted to raise the debt limit without doing anything to rein in spending.”
“Republican lawmakers are pushing to increase military spending by tens of billions of dollars, topping even Mr. Trump’s request for a beefed-up military… And as Congress mulls large tax cuts, the tabs for Hurricanes Harvey, Irma and Maria keep rising.”
Associated Press: How do you pay for an estimated $5.8 trillion tax cut?