There would no longer be a lever to exact spending and deficit concessions.
Certainly this puts the Republicans in Congress on the defensive. Something I support wholeheartedly.
After all they are feckless, corrupt and cowardly. Maybe this "gentlemen's agreement" will bring them to their senses.
This is from the compost. It most certainly is misrepresenting the facts. They do not report news, the push an agenda.
I wish i had stock in smelling salts in DC today...lol
How can it be a ‘ceiling’ if they raise it any time they see fit to do so?
It’s apparently a worthless idea........................
Sneak in a provision that progressively fines Congresscritters when they run a deficit, up to the value of their salaries and present and future congressional benefits. The bigger the deficit the bigger the fine.
You prefer we have continuing resolutions followed by government shutdown melodramatics every 3-6 months?
Rush just mentioned a concept that may cause a ripple in your perception.
He postulated that McConnell and Ryan probably weren’t upset at all by Trump’s deal with the Democrats. They could easily point to it as an example of bipartisanship.
This debt ceiling concept probably wouldn’t bother them either.
They are after all, the GOPe, best friends a Democrat ever had.
I do not like this debt ceiling elimination idea.
Huh?
Isn't anything that is subject to a vote by Congress supposed to be "politicized?"
LOL.
The whole debt ceiling vote that just ends up raising the debt ceiling anyway every time it is voted on has become a farce.
Let’s just end the farce and fix the spending problem.
It is the Compost so maybe Fake News, if not I assume the President is ready wants to end the debt ceiling vote charade and fix the problem.
Wow.
No limit credit card in perpetuity.
We are Greece if this happens. Or the Weimar Republic.
Bull
Doubtful as presented,...fake news... more believable is Trump taken out of context and will not be for raising it or putting more in debt but rather reduce spending...look at his business approach to whom he put in at various departments....are these big spenders?
If Trump does this, I will abandon support for him.
That hasn't existed for years. The debt ceiling only exists in name. Nobody in Washington, and almost nobody in the country, wants to reduce government spending.
Frankly, I'm surprised it took Trump and Schumer this long to publicly ridicule the idea of fiscal responsibilty.
The debt ceiling has failed its purpose. The only result are these annual or semiannual sky is falling episodes about the US defaulting on its debt. Time to get rid of it.
Article I, Section 8 of the Constitution says only Congress can borrow money on the credit of the United States. Approval has to be granted by Congress in some fashion, and if not through a debt limit then I don't know how they would do it.
It’s become useless as a tool.
But at least it gets the debt into the public awareness despite the media’s inclination to ignore it.
The media wants the government to borrow and give the money to their advertisers’ customers so the media profits.
If a better way of forcing the issue past the media’s coverup comes along I’m all for it.
But that isn’t going to happen.
The media’s advertisers are also the politician’s donors.
Although I did not read the entire article, maybe this means moving
back to annual budgets. And regular order.
Looks like Ryan and McConnell are left out in the cold again.
I think it’s odd that trump is in cahoots with schumer on this. Of course trump wants increased infrastructure spending which dems will love. But then has the swamp ever NOT raised the debt ceiling? I may be wrong be it does seem like the debt ceiling is a little game the swamp creatures play. Now Trump runs the 3rd branch of the swamp.
Yeah, because it's been so effective at curtailing deficit spending.