Friday, December 20, 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

More

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.

[image or embed]

-- Axios (@axios.com) December 19, 2024 at 3:01 PM

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

You really expect someone who never pays his bills to be fiscally responsible?

MAGATS are ------- idiots.

#6 | Posted by LegallyYourDead at 2024-12-20 08:16 AM

I like the concept of the debt limit but every time it's reached Congress expands it.

Government spending is out of control and it seems like maybe one senator takes it seriously.

#7 | Posted by BellRinger at 2024-12-20 12:27 PM

This site looks to be on auto-pilot this evening...

I guess RCade has a life beside this site.

:)


#8 | Posted by LampLighter at 2024-12-20 08:44 PM

Easy to think about when you don't pay your bills.

#9 | Posted by bat4255 at 2024-12-20 08:51 PM

Trump has never had a debt limit in his bankrupted life.

#10 | Posted by Yodagirl at 2024-12-20 09:24 PM

@#10 ... Trump has never had a debt limit in his bankrupted life. ...

Yup.

How many bankruptcies has he presided over? I forget, is it six or nine or ... ?


#11 | Posted by LampLighter at 2024-12-20 09:28 PM

Trump doesn't like anybody or anything to have any control over her PERIOD.

That's the way he ran his company and that's the way he expects to run the country. Thus . . . a dictator.

There are a few obstacles in his path, like Congress and the Constitution but that won't last much longer after January 20 at Noon when he says 'I do" and goes immediately into the role of a brutal, sociopathic dictator with a long "to do" list to cement himself in power indefinitely.

#12 | Posted by Twinpac at 2024-12-20 10:43 PM

Trump's demand for an unlimited national debt ceiling will come up again in March. He has almost no choice now but to make sure Elon Musk is the new Speaker of the House to brutally whip the entire chamber into submission by any means necessary.

The demand for bodyguard may rise exponentially.

#13 | Posted by Twinpac at 2024-12-20 11:06 PM

@#12 ... Trump doesn't like anybody or anything to have any control over her PERIOD. ...

Well, yeah.

Which is why I ask, how long will he tolerate Mr Musk's stealing of the spotlight.

#14 | Posted by LampLighter at 2024-12-20 11:18 PM

LAMP

As long as it benefits him, a world class narcissist.

I don't think there's room for anybody else in Trump's quest for supreme power. He's not the type to share. Only use. In fact, it seems like he, consciously or unconsciously, by some child-like need to avoid a spanking, always makes sure he has someone else to whom he can shift blame.

Part of him is still a 10-year old, de-ja-vu all over again.

#15 | Posted by Twinpac at 2024-12-21 05:34 AM

Naturally, you'd expect the script for these misanthropic loons to lead up to a bad-girls blowup. But then what? Trump's online following pales to that garnered by his co-president, and with the maroons of MAGAland that's pretty much the ballgame. So, yet again, Old Baggy Pants may have outsmarted himself. The art of the dead, indeed.

#16 | Posted by Doc_Sarvis at 2024-12-21 05:59 AM

DOC

"But then what?"

Somebody or(s), is going to be on the outside looking in.

Right now, it's a coin toss.

But I agree. There's too many cooks in the kitchen and none of them are sane.

Keeping in mind that only two of them have standing armies and nuclear weapons when the ---- hits the fan.

#17 | Posted by Twinpac at 2024-12-21 06:39 AM

TWINPAC

Is that "cooks" or "kooks"?

#18 | Posted by Doc_Sarvis at 2024-12-21 06:44 AM

DOC

LOL ~~ Ask your wife the literal meaning of "too many cooks in the kitchen" . . . and what happens. She knows. YIKES!

#19 | Posted by Twinpac at 2024-12-21 07:43 AM

TWINPAC
Having been on the receiving end, yeah, steer clear. Funny thing, my wife, blessed with one of Ireland's many accents, will talk about "kooks" in the kitchen. Sly, with a smile, letting you know the term's double edge: a person who can cook or an effin eejit.

#20 | Posted by Doc_Sarvis at 2024-12-21 09:15 AM

#19 and #20 Great exchange! LOL

#21 | Posted by Yodagirl at 2024-12-21 12:21 PM

But, ...but, we need a businessman to run the country.
Of course, the topic of electing a SUCCESSFUL businessman never seemed to come up. Any old multiply bankrupt scamster seemed to do, as long as he was on TV.
If only his followers were going to get screwed, I'd say, let it happen.
Only Putin, or his dupes, would see this sort of chaos as a good thing.

#22 | Posted by morris at 2024-12-21 12:31 PM

Trump Calls for Abolishing Debt

I agree. Abolish all debt!

Let's have a Jubilee!

#23 | Posted by donnerboy at 2024-12-21 12:36 PM

DOC

Unrelated, but

I always liked the expression that a camel is a horse built by a committee.

Sort of like the Trump administration in 2025 . . with weird things sticking out in all directions. Front, back, up, down and a big lump in the middle. (if you get my drift.)

#24 | Posted by Twinpac at 2024-12-21 12:39 PM

MORRIS

I'm told that of lot of things says and does is to create chaos, so the rubes won't catch on to what he's REALLY doing.

Soet of like a sidewinder slithering up to its victim.

#25 | Posted by Twinpac at 2024-12-21 12:48 PM

Trump creates chaos because of his trifecta:

Narcissism, grifting, and incompetence.

#26 | Posted by Alexandrite at 2024-12-21 01:15 PM

Narcissism, grifting, and incompetence.

Ann Coulter thought he was awesome until she actually met him and realized how profoundly, abjectly stupid he was.

#27 | Posted by REDIAL at 2024-12-21 01:30 PM

Trump? Not a hard man to follow...leaves bankrupt businesses wherever he goes.The coming question is...when is a scam not a scam...but something much more insidious? Tell me Musk isn't the fly in the Charddoney.

#28 | Posted by dutch46 at 2024-12-21 04:21 PM

Tell me Musk isn't the fly in the Charddoney.

It is curious that Lewzer wants to eliminate the debt ceiling when Senior Co-President Elon is going to eliminate the deficit anyway.

#29 | Posted by REDIAL at 2024-12-21 04:41 PM

Party of Fiscal Reaponsibility?

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

On June 3, 2023, the debt ceiling was suspended when U.S. president Joe Biden signed the Fiscal Responsibility Act of 2023 into law. This ended the debt-ceiling crisis that began on January 19, 2023; the debt ceiling suspension will remain in effect until January 2, 2025.

At some point the irony is going to start killing people.

#30 | Posted by sitzkrieg at 2024-12-22 10:53 AM

I think I remember someone else who had thoughts on this subject.

"Six Years After Cheney Said Deficits Don't Matter,' The National Debt Hits A 50-Year High"

archive.thinkprogress.org

And then what happened MAGAidiots? Well, at least the few of you that can actually remember all the way back to ancient history....lie 2008! Republicans are, if nothing else....predictable!

#31 | Posted by danni at 2024-12-23 05:48 AM

"Republicans are, if nothing else....predictable!"
; they always leave the nayion i
And I lefy out another word "Irresponsible" going all the way back to Herbert Hoover, they always leave the nation in an economic crisis with a major war looming! For dictators overseas, America's economic success creates a threat from their own people; Envy destroys dictators. Mussolini's fall is one of my favorites.

#32 | Posted by danni at 2024-12-23 10:37 AM

Drudge Retort Headlines

Biden Pardons Fauci, Gen. Milley, Jan. 6 Committee Members (159 comments)

Trump Sworn In (149 comments)

Bannon says MAGA Populism will Win - as Trump is Surrounded by Billionaires (33 comments)

TikTok Shuts Down in United States (27 comments)

Melania Trump Launches Her Own Cryptocurrency (14 comments)

First Hostages Freed as Long-Awaited Gaza Ceasefire (14 comments)

Chinese-Owned TikTok Back after Trump Pledge (11 comments)

Joe Biden Grants Clemency to Leonard Peltier (9 comments)

Vivek Ramaswamy Expected to Depart DOGE (8 comments)

Warnings may Signal Legal Blueprint to Attack 'sanctuary' Jurisdictions (7 comments)