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Catherine Rampell: Republicans' fiscal flip-flop is breathtakingly ill-timed

Republicans have stopped worrying and learned to love deficits.

FILE - This Thursday, June 8, 2017, file photo shows the U.S. Treasury Department building in Washington. With the government's budget deficit rising, the Treasury Department says it expects to borrow $441 billion in the current January-March 2018 quarter, the largest amount in eight years. The Treasury says this figure compares to actual borrowing of $282 billion in the October-December quarter. (AP Photo/Pablo Martinez Monsivais, File)

FILE - This Thursday, June 8, 2017, file photo shows the U.S. Treasury Department building in Washington. With the government's budget deficit rising, the Treasury Department says it expects to borrow $441 billion in the current January-March 2018 quarter, the largest amount in eight years. The Treasury says this figure compares to actual borrowing of $282 billion in the October-December quarter. (AP Photo/Pablo Martinez Monsivais, File)