Pablo Martinez Monsivais
In this Sept. 13, 2017, photo, House Speaker Paul Ryan of Wis., answers questions during an interview with The Associated Press in Washington. Conservatives nearly tanked the global economy and shut down the government when Democrat Barack Obama was president. They demanded financial discipline and deep spending cuts in the face of the country's fast-growing debt. Now, with a chance to make politically popular tax cuts, few Republicans worry about adding billions more in red ink. (AP Photo/Pablo Martinez Monsivais)
WASHINGTON (AP) — Republicans spooked world markets in their ardor to cut spending when Democrat Barack Obama was in the White House. Now, with Republican President Donald Trump pressing for politically popular tax cuts and billions more for the military, few in the GOP are complaining about the nation’s soaring debt.
The tea partyers and other conservatives who seized control of the House in 2010 have morphed into Ronald Reagan-style supply-siders while the GOP’s numerous Pentagon pals run roughshod over the few holdouts. Tax cuts in the works could add hundreds of billions of dollars to the debt while bipartisan pressure for more money for defense, infrastructure and domestic agencies could mean almost $100 billion in additional spending next year alone.
The bottom line: The $20 trillion national debt promises to spiral ever higher with Republicans controlling both Congress and the…