Trump calls for unlimited debt.

[pknopp]

You make that sound awful.

Not at all. I've long supported someone doing that.

Opinion:

 

[pknopp]

My guess after 4 years? You’re still butthurt over Trump’s victory.

I've been upset over whoever won for years and years.

 

[BackAgain]

Not at all. I've long supported someone doing that.

Ok.

This one may happen on the watch of Potato.

I realize that Potato is disengaged. But the rest of us aren’t . We will see that it is happening on Potato’s vacant-eyed “watch.”

 

[Tumblin Tumbleweed]

Musk is a ******* liability. Purge him.

 

[Nobody911]

Pros and Cons of Raising the U.S. Debt Ceiling

Raising the U.S. debt ceiling is a contentious issue with various implications. Here’s a breakdown of the pros and cons:

●Pros●

1. Prevents Default: Raising the debt ceiling allows the government to meet its existing financial obligations, thereby avoiding a default that could have catastrophic economic consequences, such as a loss of confidence in U.S. creditworthiness.

2. Maintains Government Operations: It ensures that the government can continue to operate and fund essential services, including social programs, military expenditures, and public sector salaries.

3. Supports Economic Stability: Increasing the debt ceiling helps maintain the stability of the U.S. economy and the global financial system, as it reassures investors that the U.S. will honor its debts.

4. Protects the Value of the Dollar: A higher debt ceiling can help prop up the global value of the American dollar, maintaining its status as a "safe" asset for investors.

●Cons●

1. Encourages Fiscal Irresponsibility: Critics argue that raising the debt ceiling may promote a lack of fiscal discipline, allowing the government to continue spending beyond its means without addressing underlying budgetary issues.

2. Increases National Debt: Each increase in the debt ceiling raises the total national debt, which can lead to concerns about long-term sustainability and the burden on future generations.

3. Political Tensions: The process of raising the debt ceiling often leads to political standoffs and can create uncertainty in financial markets, as negotiations can become contentious.

4. Potential for Economic Consequences: If the debt ceiling is not raised, the government risks defaulting on its obligations, which could lead to severe economic repercussions, including a recession and increased borrowing costs.

While raising the debt ceiling can prevent immediate financial crises and support government operations, it also raises concerns about fiscal responsibility and long-term debt sustainability.

Sources :

1. https://home.treasury.gov/policy-is...al-institutions-and-fiscal-service/debt-limit
2. The pros and cons of raising the debt ceiling
3. What is a quick pros/cons list of raising/lowering the debt ceiling?
4. U.S. Debt Ceiling: Definition, History, Pros, Cons, and Clashes
5. The pros and cons of raising the debt ceiling
6. What is the US debt ceiling and what would happen if it is not raised?
7. What is the federal debt ceiling?
8. https://www.brookings.edu/wp-content/uploads/2016/06/debt_ceiling.pdf
9. Budget Basics: Balanced Budget Amendment — Pros and Cons
10. https://www.abcactionnews.com/news/...t-is-the-debt-ceiling-and-why-you-should-care

 

[Concerned American]

You are making excuses. Trump wants to run wild with the debt and not be held accountable.

Gee, Karnac, why didn't you see the incompetence of the Biden admin in your crystal ball. You're a moron.

 

[Concerned American]

Musk is a ******* liability. Purge him.

Get your blanky and binky and suck it. It's going to be a long four years for you. BTW, your tears are getting your diaper wet.

 

[Concerned American]

MAGA can't even keep the government open!

Democrat vote on the last vote--197 Nay, 2 Yea. Sounds like the democrats AND Biden want the shutdown. You do realize that MAGA isn't in office don't you. LMAO, moron.

 

[YoursTruly]

He did this last time also. MAGA argued he didn't but he did.

Seems Musk isn't upset with the budget bill for being loaded in debt but rather for not being loaded in MAGA debt.

Trump Calls For Abolishing Debt Limit: 'Smartest Thing' Congress Could Do

Great post.

Trump is a big spending, big government left leaning Republicans. Increasing or eliminating the debt ceiling is how we got to $36 trillion.
Trump is caving on his conservative promises before he even takes office.


I also read earlier where Trump wants to protect dreams. (children of undocumented people) Which is code for amnesty for all those parents with children.
I figured It would take about 6 months for Trumps true blue colors to show. But he's already showing them.

 

[YoursTruly]

I'm not for abolishing the debt limit; however, if the debt limit is going to simply be extended every so many months anyway, then what's the point of having a so called debt limit?

What's the point of even raising it, except for the government to waste & devalue more and more of our money.

 

[JoeMoma]

To be used as a cudgel to extract concessions from Democratic governments. Have you been in a cave?

Used usually unsuccessfully.

 

[pknopp]

Gee, Karnac, why didn't you see the incompetence of the Biden admin in your crystal ball. You're a moron.

That was you supporting Biden.

For me, I condemned every single one of his programs and roundly condemned his actions in both Ukraine and Israel.

You slammed me for that.

 

[AzogtheDefiler]

He wants MAGA funded not everything else. You been had.

Untrue. You didn’t even state that this budget should have been pushed in sept but our idiot politicians procrastinated.

Now tell me what “MAGA” does he want funded? You’re OK with spending $48mil on DEI initiatives in Burma? $600k for a Grateful Dead museum?

You’re an idiot

 

[pknopp]

Untrue. You didn’t even state that this budget should have been pushed in sept but our idiot politicians procrastinated.

I didn't mention the outside temperature in D.C. either.

Now tell me what “MAGA” does he want funded? You’re OK with spending $48mil on DEI initiatives in Burma? $600k for a Grateful Dead museum?

You’re an idiot

I haven't heard about the Dead museum. Tell me about it.

 

[TimFitz]

/——/ Why are you against it?

And has Joe and Commie Harris weighed in?

They don’t need to.

This is Trump’s doing. He can own it.

 

[TimFitz]

Untrue. You didn’t even state that this budget should have been pushed in sept but our idiot politicians procrastinated.

Now tell me what “MAGA” does he want funded? You’re OK with spending $48mil on DEI initiatives in Burma? $600k for a Grateful Dead museum?

You’re an idiot

You’re the second Trump idiot to bring up the budget.

Do you have any idea at all what this is about. Hint, it isn’t the budget.

This is not a budget bill. It’s a continuing resolution.

If you don’t know the difference, you don’t understand how your government works.

 

[AzogtheDefiler]

I didn't mention the outside temperature in D.C. either.




I haven't heard about the Dead museum. Tell me about it.

Your dodge is beautiful. Same old dishonest pknopp

 

[AzogtheDefiler]

You’re the second Trump idiot to bring up the budget.

Do you have any idea at all what this is about. Hint, it isn’t the budget.

It most certainly is. Hint: you lost once to me and had to apologize. Quit while you’re behind. You may call it a spending bill yet regardless what you call it, it should have been put through in Sept.

 

[Nuthin' Fancy]

Trump, his cult and republicans have been whining about the debt for 44 years, of course ONLY, when a democrat is in office.
Then the orange moron wants to eliminate it, they change their tune.

 

[pknopp]

Your dodge is beautiful. Same old dishonest pknopp

The complaint was that I didn't write a book with every possible item in it.

Now tell me about this museum.