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mahatmakanejeeves

(61,535 posts)
Thu Dec 19, 2024, 12:41 PM Thursday

Trump calls for abolishing the debt ceiling [View all]

Source: NBC News

EXCLUSIVE
Debt ceiling crisis
Trump calls for abolishing the debt ceiling
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.”

Dec. 19, 2024, 9:12 AM EST / Updated Dec. 19, 2024, 10:22 AM EST
By Garrett Haake, Rebecca Shabad and Sahil Kapur

President-elect Donald Trump said Thursday that Congress should get rid of the debt ceiling, a day after he came out against a deal reached by congressional lawmakers to fund the government before a shutdown occurs.

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.”

{snip}

Read more: https://www.nbcnews.com/politics/donald-trump/trump-calls-abolishing-debt-ceiling-rcna184820



Trump stuns Washington with push to repeal debt ceiling
With time running out to avert a government shutdown, the president-elect demanded that lawmakers lift the borrowing limit as well.

December 19, 2024 at 11:29 a.m. EST Today at 11:29 a.m. EST


President-elect Donald Trump sits in the Oval Office during a meeting with President Joe Biden on Nov. 13. (Jabin Botsford/The Washington Post)

By Jeff Stein

President-elect Donald Trump has stunned lawmakers in Washington by calling for the suspension — or outright elimination — of the federal borrowing limit, introducing an explosive new demand into last-minute negotiations over averting a government shutdown this weekend.

In social media posts and interviews on Wednesday and Thursday, Trump called on congressional Republicans to lift the debt ceiling, a law that limits how much money the federal government can borrow.

{snip}

By Jeff Stein
Jeff Stein is the White House economics reporter for The Washington Post. He was a crime reporter for the Syracuse Post-Standard and, in 2014, founded the local news nonprofit the Ithaca Voice in Upstate New York. He was also a reporter for Vox.follow on X@jstein_wapo
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Trump calls for abolishing the debt ceiling [View all] mahatmakanejeeves Thursday OP
... Trump said getting rid of the debt ceiling entirely would be the "smartest thing it [Congress] could do. republianmushroom Thursday #1
Ghee I wonder if Trump is going to run up Johonny Thursday #2
its called The Two Santas Strategy: yaesu Thursday #17
So that the billionaires can steal more money....,, Lovie777 Thursday #3
Really Trump?? Did you clear this with incoming President Musk? Bengus81 Thursday #4
I agree, gab13by13 Thursday #5
Remember when Republicans were all up in arms to reduce deficit spending? WestMichRad Thursday #6
Remember when Republicans would destroy you for associating with a commie? Bengus81 Thursday #9
Abolish the sweetheart taxes breaks on the wealthy instead until we see the number of middle class triple? cstanleytech Thursday #7
If there's no debt ceiling, why do we need DOGE to rein in the debt? bucolic_frolic Thursday #8
We don't, boonecreek Thursday #12
I think Democrats have called for this for years. In fact, Sen Warren is "supporting" trump today. Silent Type Thursday #10
Trump only wants to eliminate it so he can blame democrats and give tax cuts to the rich when he takes office Galraedia Thursday #16
They should do it under trumps watch. FloridaBlues Thursday #11
Add that to the list of stuff Trump wants to do "on day one". patphil Thursday #13
He wants democrats and Joe Biden to increase it so he can give more tax cuts to the rich when he takes office. Galraedia Thursday #14
That is a prerequisite to emptying the treasury into billionaires' pockets. CousinIT Thursday #15
Yeah, right now it's a "Steal Ceiling" Turbineguy Thursday #18
Raising the debt ceiling so the billionaires can have their petty tax cuts vapor2 Thursday #19
Broken clock is right. Gore1FL Thursday #20
Lots of support for it last year including Laurence Tribe MichMan Thursday #21
The shift is interesting. Even Sen Warren agrees with trump on this one. Silent Type Thursday #23
Yeah, to pay for unnecessary tax cuts IronLionZion Thursday #22
Why Trump is suddenly fixated on getting rid of the debt ceiling LetMyPeopleVote Thursday #24
Merick Garland ..... Hotler Thursday #25
Actually, the debt ceiling requirement is redundant and nonsensical. surfered Thursday #26
And that's how Trump went bankrupt so many times. C_U_L8R Thursday #27
He's actually right on this issue (but not for the right reason). Wiz Imp Thursday #28
Always the attention whore. This really shouldn't be in the news. TSF not in office, he's just a convicted felon raccoon Yesterday #29
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