Megan McArdle, Columnist

Our Broken Politics Only Encourages Deficit Busting

Republicans have dropped the pretense of caring about debt, and next Democrats will join their short-sighted bonanza.

Someone always gets stuck with the bill.

Photographer: Westend61, via Getty Images

If you stayed up until the wee small hours on Friday night to watch the passage of the Republican tax bill on CSPAN,1512423489674 you heard a lot of debatable propositions. Would tax cuts really grow the economy as much as Republicans said? Would they really throw tens of millions of people off health insurance, as Democrats said? And so on and so forth.

Someone unfamiliar with their agendas could be forgiven for thinking that Democrats and Republicans were talking about two separate pieces of legislation: one that was going to raise wages, create new jobs and bring working families to new realms of prosperity; and another that was going to gut Americans' health insurance, take away all their money and plunge them into unprecedented suffering.