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.

  • Maple Engineer@lemmy.world
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    17 hours ago

    Removing the debt ceiling would allow them to transfer unlimited money to the wealthy at the expense of the future of the country.

    • Corkyskog
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      16 hours ago

      It still needs to be appropriated to be spent. The debt ceiling is useless.

      • Maple Engineer@lemmy.world
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        11 hours ago

        No, you don’t understand. Trump has promised to do away with regulation to reduce consumer protection and increase profits. The wealthy are going to loot the US while destroying it then hope that the poor don’t murder them and take everything back.