Posted on 05/31/2025 11:19:38 AM PDT by thegagline
Sen. Elizabeth Warren, D-Mass., said on Friday she agrees with President Donald Trump’s call to eliminate the debt limit, urging bipartisan action to scrap it permanently.
In a post on X, Warren wrote: “@realDonaldTrump and I agree: the debt limit should be scrapped to prevent an economic catastrophe.”
“Let’s pass a bipartisan bill and get rid of it forever,” she added.
The senator also said “jacking up the debt limit by $4 trillion to fund more tax breaks for billionaires is an outrage,” in an attack on a GOP-backed tax bill to enact Trump’s priorities.
Warren’s post cited comments Trump made at a news conference earlier on Friday, when he referenced her past support for eliminating the debt limit and said he “always agreed with her” on the issue,
“She wanted to see it terminated, gotten rid of not being voted on every five years or 10 years, and the reason was because it’s so catastrophic for our country,” Trump said.
The debt limit was last suspended by Congress in the summer of 2023 as part of a bipartisan bill reached between Republican leadership and former President Joe Biden, pushing off the threat of national default through January of this year, when the debt limit was reinstated at more than $36 trillion.
The Treasury Department said in January that the government would need to implement “extraordinary measures” to prevent it from defaulting on its debt.
Earlier this month, Treasury Secretary Scott Bessent called on Congress to raise the debt ceiling by mid-July to prevent the government from defaulting, warning that the country is on track to run out of money to pay its bills as early as August without congressional action.
(Excerpt) Read more at nypost.com ...
The “debt limit” is useless, meaningless and stupid. The spending has already been approved by congress. Get rid of it, it’s just an excuse for meaningless grandstanding, sneaking in more spending to buy votes and general nastiness. Example: Obama closing parking at view spots in National Parks where he couldn’t close the highway to travel.
If Warren likes it then it is a bad idea.
Many years ago when she was young she refused to believe the bank officers when they told her she was overdrawn in her checking account.
“That can’t be. I still have blank checks in my purse.”
Photo of Schumer.
“I’m going to admit something before AOC and the Squad push me out to pasture in DC. These are $9 reading glasses I buy at CVS. I wear them to look down on lowly people as I lecture them.”
Photo montage....
Just look at the brain trust of the Dems (plus a turtle).
Amazing we barely survived long enough for Trump to get in.
Yep, that is pretty much it. She is shameless about standing against everything productive and good and supporting everything bad. So if she is approving this then we need to run away from it as fast as we can.
Yes
SS is now in a locked box
Hillary Clinton
Boy Moe I’m glad Congress is in charge of government spending what could go wrong.
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