Senator Ted Cruz was on Morning Joe today and was asked about reconciling President Trump’s spending proposals with small government conservatism. The Senator said he wanted to see details before he offered an opinion. He did make a salient point about the federal debt and said it comes down to economic growth.
He’s right. Just doing some cursory research will bring up plenty of studies and white papers detailing the relationship between debt and GDP. Cruz is right that GDP grown under President Obama has been anemic. Joe Scarborough likes to brag about the “balanced budget” he helped bring about in the late 90’s but the reality is, the budget came into balance, not because of any spending reductions, but because of increased tax receipts thanks to a strong economy.
It is going to be interesting when the Obamacare fight happens. Senator Cruz along with Senators Mike Lee and Rand Paul are demanding nothing short of a full repeal of the Affordable Care Act not “repeal and replace.” I am in full agreement with that. But it will certainly be a tough battle. Cruz said repeal of Obamacare, regulatory reform and tax reform is key to the economic growth he says will help tame the debt.
Let’s see what happens.
The post Watch Ted Cruz On Morning Joe: Economic Growth Is Key To Debt Reduction appeared first on RedState.