Stan Collender: “The White House and congressional GOP insisted the big tax cut bill would pay for itself so there would be no negative impact on the federal deficit or national debt. They also said the Trump/GOP economic plans would result in a balanced budget within 10 years. The fiscal 2019 budget resolution — the one Congress is supposed to debate and adopt this year — would be the first one considered since the tax bill was enacted and, therefore, the first with projections that should validate and confirm those promises.”
“That means House and Senate Republicans should be rushing to get it done, take another victory lap and prove themselves to be budget seers, sages, oracles and truth tellers. But the GOP is doing the exact opposite.”
“So why isn’t the GOP going to do a budget? Because the vote on the 2019 budget — the last one Congress will consider before the 2018 midterm elections — will reveal that all the Republican promises on the deficit and debt, including its blind belief on dynamic scoring, were completely bogus.”
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