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Liberty News ForumLNF Forums HerePolitical Opinion Page - The Hot Seat › Getting rid of the debt ceiling altogether
Poll
Poll Question: Is this something you agree with? Why or why not??
bars   pie

Yes    
  0 (0.0%)
No    
  4 (100.0%)




Total votes: 4
« Created by: Josie on: Sep 8th, 2017 at 2:28pm »
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Josie
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Getting rid of the debt ceiling altogether
Sep 8th, 2017 at 2:28pm
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Trump embraces Democrats again on debt ceiling

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WASHINGTON (Reuters) - President Donald Trump on Thursday embraced a suggestion from the Senate’s top Democrat to end congressional battles over the U.S. debt ceiling, a day after he stunned fellow Republicans by striking a major budget deal with the opposition party.

Testing his new opening with Democrats, Trump also reached out on another tricky issue, the fate of 800,000 so-called Dreamers, young adults brought illegally to the country as children. He even honored a request by Nancy Pelosi, the top House of Representatives Democrat, to publicly reassure the Dreamers they do not face imminent deportation.

The Senate voted 80-17 to approve the deal Trump reached with Democrats on Wednesday, which would raise the federal debt limit and fund the government through Dec. 8. The legislation included $15.25 billion in aid for areas affected by Hurricane Harvey and other natural disasters.

The bill now goes to the House for final congressional approval, where it faces opposition from conservatives who traditionally favor raising the ceiling while also cutting spending.

Representative Bill Flores, a Republican helping round up votes for the deal, said his count of party members intending to vote yes on the legislation “didn’t look very good.”

Trump voiced support on Thursday for the idea of eliminating the statutory cap on the U.S. Treasury Department’s authority to borrow.

“For many years, people have been talking about getting rid of debt ceiling altogether, and there are a lot of good reasons to do that,” Trump told reporters. “It complicates things, it’s really not necessary.”

“So certainly that’s something that will be discussed,” he added.


https://www.reuters.com/article/us-usa-congress/trump-embraces-democrats-again-o...
  
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Re: Getting rid of the debt ceiling altogether
Reply #1 - Sep 8th, 2017 at 2:32pm
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I strongly disagree.  Having the debt ceiling periodically come up provides a regular public forum to talk about taxes and spending, and it provides an anvil on which concessions can be extracted from both sides to both cut spending and raise taxes.  Which is the only way we'll ever eliminate the deficit.
  

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Re: Getting rid of the debt ceiling altogether
Reply #2 - Sep 8th, 2017 at 2:35pm
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I voted no.  For the same basic reason FC mentioned.  It is one more obstacle to deficit spending.
  
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Josie
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Re: Getting rid of the debt ceiling altogether
Reply #3 - Sep 8th, 2017 at 2:37pm
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forgotten centrist wrote on Sep 8th, 2017 at 2:32pm:
I strongly disagree.  Having the debt ceiling periodically come up provides a regular public forum to talk about taxes and spending, and it provides an anvil on which concessions can be extracted from both sides to both cut spending and raise taxes.  Which is the only way we'll ever eliminate the deficit.

I tend to agree with you, but it does seem to just end up being a reason for some to grandstand and we always end up raising it in the end.
  
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Re: Getting rid of the debt ceiling altogether
Reply #4 - Sep 8th, 2017 at 2:39pm
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Josie wrote on Sep 8th, 2017 at 2:37pm:
I tend to agree with you, but it does seem to just end up being a reason for some to grandstand and we always end up raising it in the end.

Yes we do.  You see the republicans politicize it when the is a democrat in the White House and ignore it when a republican is in the White House.  One day you will realize that.
  

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Re: Getting rid of the debt ceiling altogether
Reply #5 - Sep 8th, 2017 at 3:05pm
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forgotten centrist wrote on Sep 8th, 2017 at 2:32pm:
I strongly disagree.  Having the debt ceiling periodically come up provides a regular public forum to talk about taxes and spending, and it provides an anvil on which concessions can be extracted from both sides to both cut spending and raise taxes.  Which is the only way we'll ever eliminate the deficit.


Agree. The real solution is to do what many states have (and most households) is to simply run a balanced budget and force congress to convene only in extreme cases where spending must exceed what comes in.
  
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