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.

    • defunct_punk@lemmy.world
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      11 months ago

      Broken clock. It is always a bit shameful when he says something I agree with. Reminds me of this meme

        • Eldritch@lemmy.world
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          11 months ago

          And as usual he’s right for the wrong reason. He wants it abolished. Because they plan no future transitions of power. They don’t think they will need to use it against Democrats anymore, and don’t want it used against them. This should worry more people. But they were warned.

        • foggy@lemmy.world
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          11 months ago

          A broken clock will be correct at some point unless the only thing broken about it is the time it has been set to.

          I.e. a perfect clock with the wrong time is never correct, but that is the only instance if a clock that is never correct (save dumb edge case like an unplugged digital clock or something).

          Fun math, thanks.

        • Pieisawesome@lemmy.world
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          11 months ago

          Is it was never right, that implies the clock is not broken, but merely set to the wrong time.

          A broken clock should either run fast, slow, or not at all…

          Either way, it would be right for a short amount of time.

        • _core@sh.itjust.works
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          11 months ago

          I prefer “even a blind squirrel finds a nut” A clock is guaranteed to be right at least once a day. Blind squirrels have no guarantee.

    • seaQueue@lemmy.world
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      11 months ago

      I agree in principle but abolishing it under a Republican administration is a recipe for tens of trillions handed out to Republican allies with the bill left to the next Democrat admin to clean up. I’d rather we didn’t do this right now, it’s almost guaranteed to lead to absurdly corrupt and wasteful spending that could otherwise fund social programs we desperately need (like single payer healthcare) during a less corrupt administration.

      • jj4211@lemmy.world
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        11 months ago

        While I’d want you to be right in your concerns, in practice the only hiccup ever encountered with the debt ceiling is when they want to screw over Democrats. Otherwise they never blink at raising it, making it a fairly ineffective guard against over borrowing.