Thursday, December 19, 2024

Trump Calls For Abolishing Debt Limit

The president-elect floated the idea a day after he came out against the bipartisan spending deal to fund the government and avert a shutdown

Comments

Party of Fiscal Reaponsibility?

#1 | Posted by Doc_Sarvis at 2024-12-19 12:10 PM

Trump's demand to abolish debt ceiling hits a brick wall

Donald Trump's idea of abolishing the debt limit is foundering on Capitol Hill as Democrats line up against it and Republicans uncomfortably try to shoot it down without angering the president-elect.

Democrats would be Trump's most likely partners in eliminating the debt ceiling " an idea that has long been palatable in Democratic circles.

But while a handful of Democrats have endorsed his approach, the party's official line is that anything but their deal with Johnson is a non-starter.

Many lawmakers are also seizing on Trump policy plans that would raise the deficit " particularly his proposed tax cuts " to justify their opposition.

What they're saying: House Minority Leader Hakeem Jeffries (D-N.Y.) set the tone Thursday with a social media post saying "hard pass" on even raising the debt ceiling, let alone eliminating it.

"In order to give massive endless tax cuts to Elon Musk and other billionaire oligarchs? I don't know " there might be some wariness to that," Rep. Jamie Raskin (D-Md.) said of scrapping the debt limit."

www.axios.com

Dems might do it in order to help balance the budget, but not for Billionaire Tax Cuts.... that tax payers will end up in debt for anyway.

#2 | Posted by Corky at 2024-12-19 03:54 PM

The fact the entire Republican Party fears Trump and Musk is why this nation is gonna fail.

#3 | Posted by ClownShack at 2024-12-19 04:04 PM

- Trump and Musk

The Antichrist and the False Profit(sp) *TM All Wrongs Reserved

#4 | Posted by Corky at 2024-12-19 04:39 PM

Let me guess.

This is so that they can spend spend spend for their own conflicts of interest, right?

It's removing the governor from the money spigot?

#5 | Posted by jpw at 2024-12-20 02:42 AM

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