Trump frustrated with GOP lawmakers over debt limit quandary
Source: The Hill
President-elect Trump wants congressional Republicans to figure out a way to avoid a default on the national debt after venting his frustration with the Senate GOP over its failure to raise the debt limit as part of a government funding package last month. Trump told Senate Majority Leader John Thune (R-S.D.) at a recent meeting that its now up to him to find a way around the debt limit impasse, according to a Republican source familiar with the conversation.
The debt limit came up. Hes very unhappy that thats hanging out there, and he made it Thunes problem. He said, John, I dont know how youre going to solve this problem, but youre going to figure out some way, a GOP senator who attended the meeting said.
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Trump urged House Republicans last month to vote for a stopgap funding measure bundled with disaster relief and economic aid to farms that also included at his insistence a proposal to extend the debt limit past the 2026 midterm election.
And he vented his fury when conservatives in both chambers including Texas Rep. Chip Roy (R) and Kentucky Sen. Rand Paul (R) balked at voting for any debt limit legislation that did not include substantial spending cuts to offset the impact on the federal debt.
Read more: https://thehill.com/homenews/senate/5080266-trump-presses-congress-debt-limit/
Any headline that begins with the words "Trump frustrated" brings a happy glow to my heart.
Bernardo de La Paz
(52,079 posts)Bernardo de La Paz
(52,079 posts)LastLiberal in PalmSprings
(13,057 posts)It exists to limit the exposure the lender (the government in this case) has to the desire of the cardholder (Felon47) to spend without regard to whether or not they can pay the bill. IOW, the debt limit protects the people of the United States from a man who has declared bankruptcy six times.
Bankruptcy not only affects corporations, but also the small businesses who have provided goods and services on the basis of T***p's promise to pay,
In one case, a former Deutsche Bank executive who signed off hundreds of millions of dollars in loans to Donald Trump killed himself. His death was not directly connected to Trump's bankruptcies but rather to his own role in approving loans to Trump.
Frank D. Lincoln
(880 posts)Trump was livid when Kevin McCarthy defied him and made a deal with Biden to avoid the U.S. defaulting on its debt.
At that time Trump wanted the default because he thought it would help him defeat Biden, not caring one iota about all of the negative repercussions that would have caused.
Now that Trump finds a default on the national debt politically inconvenient (because he wants to get the tax cuts through), he wants to avoid it.