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.
He’s actually right here, even if it’s for self-serving purposes. The debt ceiling should have been eliminated years ago.
Between the abolishment of the debt ceiling and the end of the country’s currency are max. 30 years, because that’s the time when paying interest starts being worse than never having spent in the first time.
Broken clock. It is always a bit shameful when he says something I agree with. Reminds me of this meme
Nitpick: Stopped clock, not broken clock. A stopped clock is right twice a day. A broken clock may never be right at all.
With that said, exactly that. Even Trump accidentally gets something right once in a blue moon.
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.
Oh of course. Like I said, self-serving purposes. But he’s still right – debt ceiling hostage negotiations should have never existed in the first place and nothing good has ever come out of them.
Could also be to prevent infighting from any sane Republicans.
Could be… If not for the fact that any sane Republicans still left are going to be gone by spring.
Have the Demcrats used it, though? It’s the qons that seem more than willing to point a gun to the head of the American people and demand that normal Americans (i.e., Democrats) cave to their demands. Not sure the Democrats have done this, but maybe I’m wrong.
Either way, the qons are always projecting, so it’d be natural for them to think what they do is normal for others to try.
I’m not currently aware of any instance in recent history. But the history of it goes back to at least the 70s. But this would be an easy bureaucratic attack to push back on the creation of new concentration camps for instance. And as others have said it may also be to stop sane Republicans from pushing back as well.
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.
There could also be mechanical failures with a gear or something which may cause it to tick erratically, skip, or even maybe occasionally backwards. Extreme edge cases, certainly, but that’s why I said may never.
Semantics ftw, thanks!
Erratic, backwards, no matter
Unless all of its erratic was canceled out to be perfect time keeping, it will in fact be correct at some point.
A broken clock could very well have no hands, or if digital a broken display.
I specifically accounted for such nonsense responses and yet here we are.
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.
It depends on how broken it is.
If you break the hands off the clock, it’s never right.
Also though perhaps if you break the hands off a clock it can no longer be considered a clock at all?
I think at that point it’s considered a broken clock.
But it’s got no hands!!
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.
This was going to happen anyway. It’s not like any of them are going to care about little things like rules, laws, or ethics.
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.
Yes, this. Even someone as stupid as donvict gets it right sometimes.