Republican Votes Helped Washington Pile Up Debt
As
they escalate a debt-limit standoff, House Republicans blame President Biden’s spending
bills for an increase in deficits. Voting records show otherwise.
President Biden will submit his
latest budget request to Congress on Thursday, offering what his administration
says will be $2 trillion in plans to reduce deficits and future growth of the national
debt.
Republicans, who are demanding
deep spending cuts in exchange for raising the nation’s
borrowing cap, will almost certainly greet that proposal with
a familiar refrain: Mr. Biden and his party are to blame for ballooning the debt.
But an analysis of House and
Senate voting records, and of fiscal estimates of legislation prepared by the nonpartisan
Congressional Budget Office, shows that Republicans bear at least equal blame as
Democrats for the biggest drivers of federal debt growth that passed Congress over
the last two presidential administrations.
The national debt has grown to $31.4
trillion from just under $6 trillion in 2000, bumping against the statutory limit
on federal borrowing. That increase, which spanned the presidential administrations
of two Republicans and two Democrats, has been fueled
by tax cuts, wars, economic stimulus and the growing costs of retirement and health
programs. Since 2017, when Donald J. Trump took the White House, Republicans and
Democrats in Congress have joined together to pass a series of spending increases
and tax cuts that the budget office projects will add trillions to the debt.
The analysis is based on the
forecasts that the C.B.O. regularly issues for the federal budget. They include
descriptions of newly passed legislation that affects spending, revenues and deficits,
tallying the costs of those new laws over the course of a decade. Going back to
the start of Mr. Trump’s tenure, those reports highlight 13 new laws that, by the
C.B.O.’s projections, will combine to add more than $11.5 trillion to the debt.
Nearly three-quarters of that
new debt was approved in bills that gained the support of a majority of Republicans
in at least one chamber of Congress. Three-fifths of it was signed into law by Mr.
Trump.
Some of those bills were in response
to emergencies, like the early rounds of stimulus payments to people and businesses
during the pandemic. Others were routine appropriations bills, which increased spending
on the military and on domestic issues like research and education.
Understand the U.S. Debt Ceiling
Many of the votes were roundly
bipartisan: More than 85 percent of the projected debt added over the last six years
passed with a majority of Democratic votes in both chambers. Almost an identical
amount of debt passed with at least a third of Republican votes in the House or
Senate. Chief among them were a series of Covid-19 relief measures totaling more than $3 trillion and passing with landslide majorities
in 2020.
Some of the laws passed entirely
along party lines. In those cases, on net, Republicans added slightly more to the
debt than Democrats.
That’s because of the sweeping
corporate and individual tax cuts that Mr. Trump signed into law at the end of 2017,
which cost $2 trillion. Despite Republican claims that the tax cuts paid for themselves,
the C.B.O. estimated last month that Mr. Trump’s corporate tax cuts alone would
cost the federal government hundreds of billions of dollars in revenue in the years
to come. Earlier
C.B.O. analyses suggest that the full slate of tax cuts have
already cost the government $1.2 trillion through the 2022 fiscal year.
The tax cuts’ price tag outweighed
the net cost of the two most fiscally consequential bills that Mr. Biden and Democrats
passed along party lines: a $1.9 trillion economic aid bill in 2021 and a climate,
health and tax bill approved late last summer, which is projected to reduce future
deficits by nearly $300 billion.
Speaker Kevin McCarthy of California
and many other prominent Republicans who are now leading the resistance to raising
the borrowing limit did vote against large spending bills that other Republicans
backed under Mr. Trump and Mr. Biden. But they also voted for trillions of dollars
in pandemic aid under Mr. Trump and roundly backed his tax cuts.
House Republicans have pushed
to extend the 2017 tax cuts, which would add trillions to the debt. They also support
rolling back tax increases and enhanced tax enforcement measures approved by Mr.
Biden, which would have the effect of adding hundreds of billions
of dollars to deficits if they were to succeed.
Top congressional Republicans
rarely acknowledge the role that their party has played in adding to deficits and
debt in recent years, instead laying the blame on Mr. Biden and Democrats.
“Biden’s numerous bailouts and
massive government expansion disguised as Covid relief has blown out spending and
exacerbated our debt disaster,” Representative Jodey C.
Arrington of Texas, the chair of the House Budget Committee, said last month.
Beyond Congress, Republican candidates
have long tweaked their party for not taking a harder line on spending and debt.
“The last two Republican presidents added more than $10 trillion to the national
debt,” Nikki Haley, the former South Carolina governor and United Nations ambassador
who is now running for president, told
the conservative Club for Growth on Saturday, as reported by Politico.
“Think about that. A third of our debt happened under just two Republicans.”
Biden administration officials
blame Mr. Trump and former President George W. Bush for running up debt, particularly
with tax cuts. They claim credit for a decline in the budget deficit under Mr. Biden,
even though that mostly occurred because the federal government stopped passing
emergency aid bills as the pandemic eased its grip on the economy.
“I’m not going to sit and be
lectured by MAGA Republicans in Congress about fiscal responsibility,” Mr. Biden
wrote
on Twitter on Sunday.
The budget office’s math is unsparing:
It shows both parties acting, often together, to increase deficits and debt in recent
years.
Mr. Biden has signed laws that
are set to add just under $5 trillion to the debt over the next decade, by the C.B.O.’s
estimation. The actual amount could be far less because of a quirk in how the C.B.O.
accounts for two bills: the infrastructure bill Mr. Biden signed in 2021 and legislation
enacted last year to expand health care for military veterans exposed to toxic burn pits. That
quirk, which requires the budget office to assume certain spending will continue
indefinitely even though Congress has not authorized it to do so, could be inflating
the cost of the bills by nearly $1.3 trillion.
The estimate of the burn pits
legislation could be counting nearly $400 billion in spending twice. The bill essentially
shifts a large amount of spending on veterans from a budget category called discretionary
spending to one called mandatory spending. The budget office recognizes the new
mandatory spending but assumes Congress will not cut discretionary veterans’ spending
commensurately. Similarly, the infrastructure law calls for spending on projects
like roads and broadband to increase in the near term and then taper off. The C.B.O. estimates that
tapering will never actually happen, and that spending will keep rising at the rate
of inflation in later years.
But Mr. Biden has added to the
debt not just by signing laws. He has also taken unilateral action that independent
experts say could cost the federal government hundreds of billions of dollars. That
includes the president’s plan to forgive student loan debts for a wide swath of
borrowers who earn less than $125,000 a year. The plan, which is on hold as it faces
a challenge before the Supreme Court, would add $400 billion to deficits over the
next 30 years if carried out, according to budget office estimates.
Mr. Trump, by comparison, signed
laws adding nearly $7 trillion to the debt in his four-year term, by the budget
office’s estimation. That number does not include the cost of making permanent the
individual tax cuts passed in 2017 that are set to expire after 2025; the C.B.O.
assumes those cuts will expire as scheduled.
Mr. McCarthy has acknowledged
the degree of debt that Mr. Trump signed into law with the help of Republicans and
Democrats in Congress. But he has blamed Mr. Biden for continued spending after
the president entered the White House, and has made clear that House Republicans
will demand steep cuts in exchange for raising the debt limit.
Asked by Margaret Brennan of
CBS News in January about the amount of debt incurred under Mr. Trump, Mr. McCarthy
replied: “You had a pandemic. And, as that pandemic comes down, those programs leave.
I have watched the president say he cut it. No, it is spending $500 billion more
than what was projected. They have spent more. And we’ve got to stop the waste.”