After eight years of "deficits don't matter" the new Republican minority is now in danger of ridding the world of fainting couches. The blatant absurdity and hypocrisy of it all is staggering. But fortunately not all observers are buying it:
A Republican party that added more than $30 trillion to the future debt in a time of boom has no credible answer but raw partisanship for opposing $800 billion in the swiftest downturn in employment since the Great Depression. That's the bottom line. The party that campaigned for eight years on the principle that "deficits don't matter" has no good faith standing to oppose a measure that provides the minimum to ensure some kind of bottom in the looming depression. To take their fiscal conservatism seriously at this point and in this crisis is to engage in some kind of instant amnesia............
The GOP has passed what amounts to a spending and tax-cutting and borrowing stimulus package every year since George W. Bush came to office. They have added tens of trillions to future liabilities and they turned a surplus into a trillion dollar deficit - all in a time of growth. They then pick the one moment when demand is collapsing in an alarming spiral to argue that fiscal conservatism is non-negotiable. I mean: seriously.
The bad faith and refusal to be accountable for their own conduct for the last eight years is simply inescapable. There is no reason for the GOP to have done what they have done for the last eight years and to say what they are saying now except pure, cynical partisanship, and a desire to wound and damage the new presidency. The rest is transparent cant.