Summary

Donald Trump called for abolishing the debt ceiling, labeling it a “psychological” concept with no real purpose.

He criticized a bipartisan short-term funding deal, calling it a “Democrat trap,” and signaled support for legislation to permanently end the debt ceiling.

Trump had previously raised the ceiling during his first term and floated its elimination. Some Democrats, including Sen. Elizabeth Warren, echoed support, citing the need to end “governing by hostage taking.”

Trump’s stance reflects concerns over upcoming legislative challenges in his second term.

  • @Boddhisatva@lemmy.world
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    341 day ago

    But what will they cudgel the next Democratic administration over? Oh, I know! They’ll push legislation to eliminate the debt ceiling for 4 years and then bring it back at the level of the current debt.

    • @Eldritch@lemmy.world
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      161 day ago

      They don’t plan on any transition of power. Therefore they won’t need to use it against Democrats, and don’t want it used against them. It’s only in their way now.

    • socsa
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      21 day ago

      They figured out that they can just attack democrats from the left with online trolls.