Posted on 09/07/2017 10:42:02 AM PDT by Mariner
President Trump and Senate Minority Leader Charles E. Schumer (D-N.Y.) have agreed to pursue a deal that would permanently remove the requirement that Congress repeatedly raise the debt ceiling, three people familiar with the decision said.
Trump and Schumer discussed the idea Wednesday during an Oval Office meeting. The two, along with House Minority Leader Nancy Pelosi (D–Calif.), agreed to work together over the next several months to try to finalize a plan, which would need to be approved by Congress.
One of the people familiar described it as a “gentlemen’s agreement.”
Senate Democrats hope they will be able to finalize an arrangement with Trump by December.
“The president encouraged congressional leaders to find a more permanent solution to the debt ceiling so the vote is not so frequently politicized,” White House press secretary Sarah Huckabee Sanders said.
(Excerpt) Read more at washingtonpost.com ...
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.
“Debt Flying Carpet Awning”
It forces these worthless bastards to at least LOOK at the problem, and go on record perpetuating it.
That way we know who to hang on the capitol steps.
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.
And it is just working splendidly, isn’t it?
It does keep the growing debt front and center.
Without these debates we’d never hear the size of the debt.
At the very least, it would eliminate a big outcry every time it was raised.
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.
Continuing Resolutions and Debt Ceiling are entirely separate matters.
They are not linked in any way.
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