Trump stuns Washington with push to repeal debt ceiling

[cigaretteman]

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.

https://www.washingtonpost.com/politics/2024/12/19/trump-administration-transition/#link-TOX4FOJCFZCO3DWHW2TY234TUU

 

[Rifler]

Sorry, not stunned...

 

[tumorboy]

Sorry, not stunned...

So we’re not cutting spending. Or at least enough to offset more tax cuts.

 

[Rifler]

So we’re not cutting spending. Or at least enough to offset more tax cuts.

Our current budget deficit is 1.83 trillion dollars per year,.. We could cut spending to the point that you were literally in tears, and the debt ceiling would still be in play...

 

[Pinehawk]

So, after years of complaining about spending and using the debt ceiling deadlines to negotiate, now republicans want to lift/eliminate it?

 

[St. Louis Hawk]

So, after years of complaining about spending and using the debt ceiling deadlines to negotiate, now republicans want to lift/eliminate it?

 

[Moral]

So, after years of complaining about spending and using the debt ceiling deadlines to negotiate, now republicans want to lift/eliminate it?

They are liars. Their voters know it and are also liars. No one should ever take them at their word again unless you are interpreting them as projecting.

 

[SI_NYC]

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.

https://www.washingtonpost.com/politics/2024/12/19/trump-administration-transition/#link-TOX4FOJCFZCO3DWHW2TY234TUU

Oh course he has. His administration is going to be the greatest grift in American history. Trump is going to take billion$.

 

[NDallasRuss]

"fiscally conservative" is no longer a thing.

 

[Moral]

"fiscally conservative" is no longer a thing.

Not since before Reagan.

 

[LunchBox50]

"fiscally conservative" is no longer a thing.

Hasn't been a thing for four decades.

 

[McLovin32]

Oh course he has. His administration is going to be the greatest grift in American history. Trump is going to take billion$.

But Kamala didn't do many interviews for a time period during her candidacy, so it's okay for Trump to make a ton of money while POTUS

--Bins probably

 

[LunchBox50]

But Kamala didn't do many interviews for a time period during her candidacy, so it's okay for Trump to make a ton of money while POTUS

--Bins probably

I'm also old enough to remember when the GOP had a problem with emails.

Trump’s transition is happening over private emails​

Federal officials say they’re worried about sharing documents via email with Donald Trump’s transition team because the incoming officials are eschewing government devices, email addresses and cybersecurity support, raising fears that they could potentially expose sensitive government data.

The private emails have agency employees considering insisting on in-person meetings and document exchanges that they otherwise would have conducted electronically, according to two federal officials granted anonymity to discuss a sensitive situation. Their anxiety is particularly high in light of recent hacking attempts from China and Iran that targeted Trump, Vice President-elect JD Vance and other top officials.

Politico

 

[McLovin32]

I'm also old enough to remember when the GOP had a problem with emails.

Trump’s transition is happening over private emails​

Federal officials say they’re worried about sharing documents via email with Donald Trump’s transition team because the incoming officials are eschewing government devices, email addresses and cybersecurity support, raising fears that they could potentially expose sensitive government data.

The private emails have agency employees considering insisting on in-person meetings and document exchanges that they otherwise would have conducted electronically, according to two federal officials granted anonymity to discuss a sensitive situation. Their anxiety is particularly high in light of recent hacking attempts from China and Iran that targeted Trump, Vice President-elect JD Vance and other top officials.

Politico

It's different when it's Trump. When Trump does it, he's giving the middle finger to the swamp, throwing all government norms aside, and being a trail blazer. When any Democrat does something, they're the deep state, and attempting to **** over America.

 

[Huey Grey]

Not sure why a guy with six bankruptcies would do this?

 

[cigaretteman]

Actually, I'd be in favor of getting rid of the debt ceiling. It should have been gone long ago.

 

[Rifler]

It really is nothing more than an imaginary red line that causes the occasional food fight...

 

[Huey Grey]

Actually, I'd be in favor of getting rid of the debt ceiling. It should have been gone long ago.

It really is nothing more than an imaginary red line that causes the occasional food fight...

And leads to bad deals.

 

[Rifler]

However,.. I suppose it does serve as a public reminder regarding the state of our finances.

 

[franklinman]

They are liars. Their voters know it and are also liars. No one should ever take them at their word again unless you are interpreting them as projecting.

Never ever vote or trust a stink'n con, words to live by.

 

[Jerome Silberman]

Ya'll got any more room on that burn it all down train?

 

[Colonoscopy]

View embedded media

Trump hasn't any coherent philosophy of... anything.

 

[franklinman]

Trump hasn't any coherent philosophy of... anything.

Yep, brain dead.

 

[ihawk in FWB]

You have to spend money to save money

 

[Rifler]

^^^ Shit, my wife's here^^^

 

[Formerly Rockymtnole]

I'm also old enough to remember when the GOP had a problem with emails.

Trump’s transition is happening over private emails​

Federal officials say they’re worried about sharing documents via email with Donald Trump’s transition team because the incoming officials are eschewing government devices, email addresses and cybersecurity support, raising fears that they could potentially expose sensitive government data.

The private emails have agency employees considering insisting on in-person meetings and document exchanges that they otherwise would have conducted electronically, according to two federal officials granted anonymity to discuss a sensitive situation. Their anxiety is particularly high in light of recent hacking attempts from China and Iran that targeted Trump, Vice President-elect JD Vance and other top officials.

Politico

I just assume China and other bad actors know everything. These jackoffs have no intent to comply with the most basic rules and standards for an administration. It’s going to be a complete free for all for four years.

 

[Chishawk1425]

 

[NorthEndzoneCrew]

This is amazing. Trump really is the chosen one to take the train over the cliff.

Burn it all down.

 

[What Would Jesus Do?]

"GOP extremists want House Democrats to raise the debt ceiling so that House Republicans can lower the amount of your Social Security check."

Jeffries isn't making sense. How would raising or eliminating the debt ceiling impact SS?

 

[Chishawk1425]

Jeffries isn't making sense. How would raising or eliminating the debt ceiling impact SS?

More at play than that but yes that comment alone doesn't.

 

[TC Nole OX]

"fiscally conservative" is no longer a thing.

It never was

 

[What Would Jesus Do?]

The debt ceiling is a bad thing. Getting rid of it is a good idea. Let's not oppose it just because Trump likes it.

Many Dems and most lefties have favored ditching the debt ceiling for years. It was always the Rs that stood in the way.

Sure, Trump probably wants to ditch it so he can cut taxes without having to get permission to borrow. But just because Trump may want to get rid of it for nefarious reasons doesn't mean we should fight to keep it.

Instead, let's do the right thing and get rid of the debt ceiling. And then do our best in the usual way to block bad R ideas.

 

[sober_teacher]

The debt ceiling is a bad thing. Getting rid of it is a good idea. Let's not oppose it just because Trump likes it.

Many Dems and most lefties have favored ditching the debt ceiling for years. It was always the Rs that stood in the way.

Sure, Trump probably wants to ditch it so he can cut taxes without having to get permission to borrow. But just because Trump may want to get rid of it for nefarious reasons doesn't mean we should fight to keep it.

Instead, let's do the right thing and get rid of the debt ceiling. And then do our best in the usual way to block bad R ideas.

He wants it done now so he doesn’t have to take blame for doing so when he’s president.

 

[hawkeyetraveler]

During election season numerous republicans said that Trump would fix the deficit. I have repeatedly pointed out he is NOT a fiscal conservative and that in all likelihood he will increase the deficit with his tax cuts/military spending faster than Biden.

The early signs point to me being right, I take no joy in that as I have repeatedly said the deficit is our biggest issue. It requires both major spending cuts AND an increase in revenue to solve. I wish that wasn’t the case but everyone in Washington acts like they can solve it with one of those two levers.

You need to pull both of them ya dumbasses.

 

[hawkeyetraveler]

The debt ceiling is a bad thing. Getting rid of it is a good idea. Let's not oppose it just because Trump likes it.

Many Dems and most lefties have favored ditching the debt ceiling for years. It was always the Rs that stood in the way.

Sure, Trump probably wants to ditch it so he can cut taxes without having to get permission to borrow. But just because Trump may want to get rid of it for nefarious reasons doesn't mean we should fight to keep it.

Instead, let's do the right thing and get rid of the debt ceiling. And then do our best in the usual way to block bad R ideas.

How much money do you want to take from future generations as we live high on the deficit fueled hog? At some point we HAVE to pay the piper and start reducing the deficit. It is that or devalue the currency and drive a hyperinflation cycle.

 

[RagnarLothbrok]

The debt ceiling is a bad thing. Getting rid of it is a good idea.

No, it is not.
No, it is not.

 

[hawkeyetraveler]

Our current budget deficit is 1.83 trillion dollars per year,.. We could cut spending to the point that you were literally in tears, and the debt ceiling would still be in play...

You can’t cut your way to fixing the deficit. You have to cut AND increase government revenue. It sucks but it is the only actual solution. No one has the balls to do it, because the average American doesn’t realize how f*cked we are if we keep going down this path.

The MAGA opportunists talk a good game in the election, but the reality is they will spend like drunken sailors.

 

[RagnarLothbrok]

During election season numerous republicans said that Trump would fix the deficit. I have repeatedly pointed out he is NOT a fiscal conservative and that in all likelihood he will increase the deficit with his tax cuts/military spending faster than Biden.

The early signs point to me being right, I take no joy in that as I have repeatedly said the deficit is our biggest issue. It requires both major spending cuts AND an increase in revenue to solve. I wish that wasn’t the case but everyone in Washington acts like they can solve it with one of those two levers.

You need to pull both of them ya dumbasses.

This is one of many reasons why I never understood those who said they were voting Trump because of “policy.”

Really? You’re in favor of massive deficits and skyrocketing inflation? That’s why you want Trump?

 

[Moral]

How much money do you want to take from future generations as we live high on the deficit fueled hog? At some point we HAVE to pay the piper and start reducing the deficit. It is that or devalue the currency and drive a hyperinflation cycle.

I honestly think it balances in hyperinflation and depression. The robber barons got us there last time. They will again.

 

[joelbc1]

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.

https://www.washingtonpost.com/politics/2024/12/19/trump-administration-transition/#link-TOX4FOJCFZCO3DWHW2TY234TUU

Gee, I wonder how a man with such a financial genius brain could have ever gone bankrupt…..3 times!