Trump: 'There Are A Lot Of Good Reasons' To Eliminate The Debt Ceiling
Source: Talking Points Memo
By CAITLIN MACNEAL Published SEPTEMBER 7, 2017 2:14 PM
During a meeting with members of his Cabinet on Thursday afternoon, President Donald Trump indicated he would consider eliminating the debt ceiling entirely.
It could be discussed, Trump said when asked if he would be willing to nix the debt limit altogether, according to a White House pool report. There are a lot of good reasons to do that.
Trumps comments came just one day after he rolled Republicans in Congress by siding with Democrats in agreeing to a three-month extension of the debt limit, tied to a short-term funding bill and Hurricane Harvey aid.
Raising the debt limit has become a daunting task in Congress, as conservative Republicans refuse to support a debt limit hike unless it is paired with budget cuts or fiscal reform. Given that stance, its not likely Republicans will be pleased that Trump would entertain completely lifting the limits on the federal governments borrowing ability.
Read more: http://talkingpointsmemo.com/livewire/trump-consider-eliminating-debt-limit
louis-t
(23,309 posts)Fucking idiot.
Kleveland
(1,257 posts)Yeah, like anything else he exaggerates about, he has none, knows none, and is lying again, and again ad naseum.
iluvtennis
(19,882 posts)ashamed of it. Wow, now, no debt limit proposal. Boy, I really do feel like I'm in the damn twilight zone.
awesomerwb1
(4,268 posts)Wtff is going on with this guy?
The tea partiers must be blowing gaskets.
LonePirate
(13,431 posts)Juliusseizure
(562 posts)No core values except his own supremacy. Everything's open season.
IronLionZion
(45,563 posts)This is an opportunity
Juliusseizure
(562 posts)It has a short shelf life though.
DrToast
(6,414 posts)The debt limit is an absurdity. Congress already determines spending.
the first good policy I've heard Trump endorse. Its also funny that FR can't figure out what they should do -- follow Trump or Ryan / McConnell.
Lucky Luciano
(11,264 posts)He is saying it because it will benefit him somehow. He will probably be the contractor who builds the wall....through the use of a lot of debt!
Turbineguy
(37,374 posts)OK, name 4.
Alright, name 2
Oh hell, never mind!