Discussion: Trump: 'There Are A Lot Of Good Reasons' To Eliminate The Debt Ceiling

Donnie-Boy is a teetotaler, so obviously someone is putting something in his water.

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WTF?!

Trump just said something that made sense and wasn’t horrible.

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I’m not covinced! I think a lot of people might like the pain-in-the-ass debt ceiling gone like the dodo bird!

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Ryan: We will eliminate Debt ceiling when we are the majority and/or when a Republican is POTUS. That has been our intent all along.

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For once, I completely agree with the tweeter in chief. There is no other country in the world that does this. The Congress already controls the purse, the idiocy of these ceiling battles is mind numbing, either congress can control itself, or not, and another cliff in the process adds no value.

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Should probably say sorry to Jim as well

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How about ‘the debt ceiling is an artificially-induced statutory limit that if challenged in court would probably be found to violate Section 4 of the Fourteenth Amendment’?

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This is one of those occasions when Rump, like a wild turkey, looks about ready to stretch his wings and fly one time. It won’t amount to more than a wing assisted hop, but he can be a refreshing contrast to the Thanksgiving turkeys–who’re just obviously going nowhere–that most Republicans resemble.

That said, at the end of the day they’re still all turkeys.

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As the great and wonderful greenspan said, you don’t need a belt and suspenders. The debt ceiling is redundant. When Congress enacts a budget,they have decided how much they wish to add or subtract from the debt in the coming year.

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Even a stopped clock is right twice a day.

[quote=“rickjones, post:10, topic:61856, full:true”]
And those lot of good reasons are…?[/quote]
I don’t think this is something to be reflexively negative about. The only reason to be for the existence of the “debt ceiling” is if you favor the “budget responsibility theater” that occurs every time we approach, and raise, it. Congress sets spending and taxation to pay for the spending. If they can’t keep these two in balance, what’s the executive to do? Congress is welcome to raise taxes and/or cut spending anytime they choose. But their real motivations always favor cutting taxes and raising spending. So they do. Existence of the “debt ceiling” is, ipso facto, ineffective at changing this dynamic. So why bother having one?

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Yeah, just imagine an innovative structure where legislators could vote on obligations and debt and they would need to defend their votes at voting polls! Like, wow!

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FTFY

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For once I absolutely agree with Trump, but he is going to have a really hard time convincing the FreeDumb caucus.

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The Senate on Thursday passed legislation, 80-17, that would temporarily lift the nation’s debt ceiling and fund the government, while delivering the first installment of emergency aid for victims of Hurricane Harvey.

The massive fiscal package was the result of a surprise mid-week deal between President Trump and congressional leaders. Trump could sign the bill as early as Friday.

I'm a bit lost here. Does the House have a say in this?
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[quote=“arrendis, post:27, topic:61856, full:true”]
How about ‘the debt ceiling is an artificially-induced statutory limit that if challenged in court would probably be found to violate Section 4 of the Fourteenth Amendment’?
[/quote]A bit too technical, constitutionally-oriented and correct to be one of the multiple choice reasons that Trump would have come up with.

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That’s the Senate’s version of the House bill that already passed. It has to go to the reconciliation committee now, and if Ryan just hands the Senate bill to the House to revote, Trump’ll get it tomorrow morning.

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Oh, those!

“It’ll piss Mitch off.”
“Chuck’s gonna buy me dinner at the Penn Station McDonald’s. I love that place.”
“Did you see the positive attention I got for agreeing on the Debt Ceiling thing? How much will they love me if we just get rid of it??”

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The House has already passed a bill that raises the debt ceiling for only 90 days? Would this be the same proposition that Ryan so publicly said was ridiculous? Had it already passed when Ryan made those statements?

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[quote=“qwerty23, post:30, topic:61856”]
I don’t think this is something to be reflexively negative about.
[/quote]Oh, I’m not opposed to getting rid of the debt ceiling - it’s not really a ceiling at all, more like a drop ceiling above which you can put alotta stuff. I was merely suggesting reasons Trump might come up with for his statement.

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Nope, that’s why the Senate attached it to the Harvey Relief bill. See, as an amendment to that bill, it just becomes one of the ‘points of negotiation’ between the two chambers of Congress now.

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