Posted on 06/04/2025 6:46:20 PM PDT by ChicagoConservative27
President Donald Trump shared on Wednesday that he wants the debt limit “scrapped,” which Sen. Elizabeth Warren (D-MA) has also called for.
Trump issued a statement on Truth Social Wednesday afternoon.
“I am very pleased to announce that, after all of these years, I agree with Senator Elizabeth Warren on SOMETHING. The Debt Limit should be entirely scrapped to prevent an Economic catastrophe,” he wrote.
“It is too devastating to be put in the hands of political people that may want to use it despite the horrendous effect it could have on our Country and, indirectly, even the World,” he added.
Trump shared an image of a post on X that Warren put out Friday, in which she advocated for legislation to do away with the debt ceiling.
(Excerpt) Read more at breitbart.com ...
I feel the idea of body snatchers is just a silly conspiracy theory at this time.
So, we’re not paying back the debt. So don’t buy Treasuries.
Dayum! C’mon kids, we’re going to Sears!!
Yes the Trillion+ annual interest on national debt is very Fugly. What? No debt limit? That is what Pocahontas and all Democrats want! Unlimited spending hooray! Screw the grand children. Let’s party now with borrowed money.
INSANITY.
Insanity Indeed.
I am so disappointed in Trump, I thought he understood the damage he did by allowing the Government Debit to surpass our GDP in his first term and would rectify it in his second.
Sorry, Mr President, increasing debt should be DIFFICULT AND PAINFUL… as painful and difficult as possible. It should be something approached with DREAD!
I want my credit card to have no limits!
“and would rectify it in his second.”
Working with Congress, he will.
the plan was never to pay down the debt. rather the plan was to shrink the size of the debt in relationship to the economy.
It will take them a couple year to bring the debt growth to a halt.
Meanwhile they’re going to grow the economy at 2-3 times the rate of its growth in the last 5 decades.
Early notices on second quarter growth are at about 4.5 percent. That’s just getting started.
The debt is currently 130 percent of the economy. If they can get the growth rate up to 6-7 percent—and keep the debt relatively constant—they can double the size of the economy in 10 years or so and shrink the ratio of debt to the size of the economy to roughly 1970 levels.
That’s the plan.
The people in charge are very good at execution.
I would like more details. How about an interview with Trump and Elon? Clear the air.
I am about convinced that DJT has either been compromised (like to think not), or has had a brain aneurysm causing him to lose his mind.
The “Big Beautiful Bill” that he is still championing... buries the US in more debt (even if we are quite liberal in forecasting the payback from lower taxes).
He has recently thrown Elon under the proverbial bus as he demanded big financial savings and cuts... then has undermined Elon and DOGE by not putting any pressure to codify the cuts -and indeed that “Big Beautiful Bill” literally scraps most of the cost cuts...
This on top of recent pardons of some very real slimeballs...
Here’s a thought - demand Congress codify major cuts. Slash federal programs. Let the blood flow...
Removal of the debt limit altogether will be the final nail in the US economic coffin. The fact that it is Trump trying to buy the nail is frustrating (at the minimum). AT least with a debt ceiling, Congress has to PRETEND do do some work to vote on raising that limit..
Okay I will ask my visa card company to remove my debt limit. Thebattman said it’s great idea.
I’m thinking if we just limit it to $1 quadrillion everything will be fine!
This makes no sense to me...obviously I am a Trump supporter except for 2 things - the insane spending and his refusal to condemn the cv19 “vaccines”.
Promises made. Promises not kept?
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