At its core, the strategy is simple and elegant: When Republicans are in power, run up as much debt as possible, mostly by borrowing and giving that cash to the Republican donor class through tax cuts and corporate subsidies; when Democrats have political power, Republicans suddenly become hysterical about the debt and demand that Dems keep taxes low while cutting social spending.
https://www.truthdig.com/articles/thom-hartmann-the-gop-is-reviving-one-of-its-favorite-scams/