In a phone interview with NBC News, Trump said getting rid of the debt ceiling entirely would be the “smartest thing it [Congress] could do. I would support that entirely.”

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.

  • Kalkaline @leminal.space
    251·
    6 days ago

    I don’t 100% disagree, but there needs to be a mechanism for pulling back those spending dollars through taxation of large corporations and the ultra wealthy otherwise you get more wealth consolidation and possible run away inflation.