Listen: Democrats, Kai Ryssdal, Chuck Schumer discussed on Marketplace with Kai Ryssdal
"This is marketplace, I'm KAI Ryssdal. Kimberly Adams, and I were talking about the post midterm fiscal policy picture yesterday on the program. How the deficit are gonna. Affect policymaking because they are gonna even if nobody was talking about how much money this country owes during the campaign, but as marketplace's Nancy Marshall genzer reports elections do have a way of changing the conversation. Here's how much politicians think we care about the budget deficit of the more than one million campaign ads that aired in September and October less than fifteen percent. Even mentioned the budget much less deficit, but a politico survey of registered voters taken right before the election found that nearly half thought the deficit should be a top priority for congress good thing because we're going to start hearing a lot of this. They just voted and cheered a Bill that would add one point five trillion to the deficit. That was Senate minority leader Chuck Schumer pointing the finger at what he considered reckless spending by Republicans earlier this year. And here's then minority leader Mitch McConnell back in twenty eleven when the Democrats were in the White House, and he thought they were running up too big of a tab, Washington news defined. To spend less. This is how it works on Capitol Hill. Lawmakers are most concerned about the deficit when the other party is doing spending there's tons of policy on both sides Jeffrey Wright is an analyst with the Eurasian group. He says both parties know the cuts they're calling for won't happen yet. They can sort of telegraph things that they believe without having to really back it up and no one expects them to because the deficit is most often used as a hammer to smack the other party with that hammer could get a lot of use come January when Democrats take over the house the clock officially begins ticking on the twenty twenty presidential race. And the projected trillion dollar deficit becomes everyone's favorite subject. Stephanie Miller of hike capital market, says Republicans will show their resolve by pounding away at spending so cuts to Medicare, Medicaid or social security. Democrats will call for higher taxes increases the corporate tax rate passes. Tax refund. It's still going to be a lot of talk. The kind of talk that Washington's professional problem. Solvers live for DC's stacked with nonprofits and think-tanks devoted to the deficit.."