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Why scare tactics concerning deficits may be losing their impact

When Republicans won control of the House in 2010, there was a period of constant crisis. Policy and political considerations have changed over the last 12 years, for both parties. If we’re lucky, deficit politics might have changed in profound ways. Both parties stopped worrying quite so much about deficits, at least for now. Donald Trump’s tax cut and the coronavirus pandemic ballooned the deficit.

Republicans do still demand cuts in government spending. But they have changed in ways that could keep deficit worries on back burner.