By Free Republic | Created at 2024-12-19 19:19:44 | Updated at 2024-12-20 01:51:18
6 hours ago
Trump calls for abolishing the debt ceiling
NBC News ^ | Garrett Haake, Rebecca Shabad and Sahil Kapur
Posted on 12/19/2024 11:10:27 AM PST by Kevin C
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.”
“The Democrats have said they want to get rid of it. If they want to get rid of it, I would lead the charge,” Trump added.
Trump suggested that the debt ceiling is a meaningless concept — and that no one knows for sure what would happen if it were to someday be breached — “a catastrophe, or meaningless” — and no one should want to find out.
“It doesn’t mean anything, except psychologically,” he said.
The debt ceiling is the limit lawmakers set that determines how much the federal government can borrow to pay its bills. It doesn’t authorize any new spending.
(Excerpt) Read more at -nbcnews-com.cdn.ampproject.org ...
TOPICS: Breaking News; Front Page News; Government; News/Current Events
KEYWORDS: debtceiling; trump
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1 posted on 12/19/2024 11:10:27 AM PST by Kevin C
To: Kevin C
Debt ceiling is stupid
We’re 35 trillion in debt beyond control. The interest is beyond control
It pretends Congress cares
Trump know economics better than anyone in Congress
He knows they need to stop printing money, stop with the grift and get back to work
2 posted on 12/19/2024 11:14:06 AM PST by stanne (Because they were mesmerized by Obama, the man for whom this was named, whose name they left out of )
To: Kevin C
bad idea.
our economy is a train building up speed for a wreck.
3 posted on 12/19/2024 11:14:28 AM PST by cableguymn (They don't want peace they want skeletons )
To: Kevin C
“It doesn’t mean anything,
very true if you don’t follow it.
or spend right up to the limit.
Good management is much better that regulations is what Trump is telling us.
4 posted on 12/19/2024 11:14:54 AM PST by PeterPrinciple (Thinking Caps are not longer being issued, but there must be a warehouse full of them somewhere)
To: Kevin C
Buehler..Buehler .. Buehler, anyone know where Ferris Buehler is today?
Crickets on this subject. If Biden, Clinton, Obama or GW bushitter proposed this, the comments would be flowing like excrement from a sick pig.
5 posted on 12/19/2024 11:16:02 AM PST by Glad2bnuts
To: Kevin C
Ok, the debt ceiling is like an unenforceable law, worthless, since Congress doesnt care. But what does Trump have planned to reign in spending?
6 posted on 12/19/2024 11:16:03 AM PST by Magnum44 (...against all enemies, foreign and domestic... )
To: stanne
The debt ceiling is near negative where it was until Bush. Obama doubled it to 8 trillion
Now it’s a monopoly game. Except it isn’t. Trump has his team collecting all the hotels and houses rounding up the pastel money, turning over game boards
7 posted on 12/19/2024 11:16:32 AM PST by stanne (Because they were mesmerized by Obama, the man for whom this was named, whose name they left out of )
To: Kevin C
The debt ceiling is only a problem because Republicans are afraid to grow a spine.
If Republicans pushed back on the Democrats' game of government shutdown chicken, the debt ceiling wouldn't be a problem at all.
-PJ
8 posted on 12/19/2024 11:16:59 AM PST by Political Junkie Too ( * LAAP = Left-wing Activist Agitprop Press (formerly known as the MSM))
To: Magnum44
But what does Trump have planned to reign in spending?
no ears to hear?
9 posted on 12/19/2024 11:17:13 AM PST by PeterPrinciple (Thinking Caps are not longer being issued, but there must be a warehouse full of them somewhere)
To: stanne
get back to work
What work? Most of the time, they don't do anything. We'd be better off if they just went home; Congress could easily be a part-time job.
10 posted on 12/19/2024 11:17:18 AM PST by NorthMountain (... the right of the people to keep and bear arms shall not be infringed)
To: Kevin C
Debt ceiling strategy should be a hard and firm path to getting it to zero. Eliminating a debt ceiling is a sprint in the other direction.
11 posted on 12/19/2024 11:18:41 AM PST by MtnClimber (For photos of scenery, wildlife and climbing, click on my screen name for my FR home page.)
To: cableguymn
“ bad idea.”
Ya Trump has a bad idea. He is a finance mogul. His idea is worse than the idiot grifter money printers in Congress
Debt ceiling!!? What an insult
What’s the ceiling?
36 trillion. We’re going to hit that next year just on interest
12 posted on 12/19/2024 11:18:50 AM PST by stanne (Because they were mesmerized by Obama, the man for whom this was named, whose name they left out of )
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