Chris Wallace Creates Chaos Over GOP Senator’s Debt Hypocrisy
Fox News anchor Chris Wallace sparred with Republican Senator Roy Blunt of Missouri on Sunday during a discussion about which political party has ownership over the most significant recent exacerbations of the national debt.
Wallace said on Fox News Sunday that Republicans have little right to kvetch over the price tags of President Joe Biden’s proposals because they cavalierly supported ex-President Donald Trump’s elephantine tax cuts for corporate titans and some of the wealthiest people in the country.
“During the Trump presidency, even before the pandemic, the national debt increased by more than $3 trillion and in 2017, every Republican in the Senate, including you, voted for the big Trump tax cuts, which cut revenue by almost one and a half-trillion dollars,” Wallace said. “So I guess the question is, when I hear for instance Mitch McConnell talking about debt and deficits, hasn’t the Republican Party—haven’t you lost your credibility on this issue?”
Blunt deflected by falsely equating the new debt that was incurred during Barack Obama’s eight-year presidency to what was accrued Trump’s single term.
“I don’t think anybody has a very good record for the last decade on this. I think the deficit under the Obama years and the Trump years are very similar,” said Blunt.
According to an analysis that was featured in The Balance in February, “the national debt grew the most dollar-wise ($8.6 trillion) but was fifth in terms of percentage: 74%. Obama fought the Great Recession with an $831 billion economic stimulus package and added $858 billion through tax cuts.”
It added that “as of the end of FY 2020, the debt was $26.9 trillion. Trump added $6.7 trillion to the debt since Obama’s last budget, a 33.1% increase due to the effects of the coronavirus pandemic.”
Watch below via Aaron Rupar:
CHRIS WALLACE: Haven't Republicans lost credibility on debt and deficits, given how they exploded during the Trump years?
SEN. ROY BLUNT: Well, I don't think anybody has a very good record for the last decade on this. pic.twitter.com/17ZhAO7M2Z
— Aaron Rupar (@atrupar) April 4, 2021