Summary
Donald Trump called for abolishing the debt ceiling, labeling it a “psychological” concept with no real purpose.
He criticized a bipartisan short-term funding deal, calling it a “Democrat trap,” and signaled support for legislation to permanently end the debt ceiling.
Trump had previously raised the ceiling during his first term and floated its elimination. Some Democrats, including Sen. Elizabeth Warren, echoed support, citing the need to end “governing by hostage taking.”
Trump’s stance reflects concerns over upcoming legislative challenges in his second term.
He’s actually right here, even if it’s for self-serving purposes. The debt ceiling should have been eliminated years ago.
I agree in principle but abolishing it under a Republican administration is a recipe for tens of trillions handed out to Republican allies with the bill left to the next Democrat admin to clean up. I’d rather we didn’t do this right now, it’s almost guaranteed to lead to absurdly corrupt and wasteful spending that could otherwise fund social programs we desperately need (like single payer healthcare) during a less corrupt administration.
This was going to happen anyway. It’s not like any of them are going to care about little things like rules, laws, or ethics.
While I’d want you to be right in your concerns, in practice the only hiccup ever encountered with the debt ceiling is when they want to screw over Democrats. Otherwise they never blink at raising it, making it a fairly ineffective guard against over borrowing.
Yes, this. Even someone as stupid as donvict gets it right sometimes.