‘The Democrats have said they want to get rid of it. If they want to get rid of it, I would lead the charge,’ Trump said.
President-elect Donald Trump says “the smartest thing” Congress could do is abolish the debt ceiling, one day after opposing a deal to fund the federal government before a shutdown.
“The Democrats have said they want to get rid of it. If they want to get rid of it, I would lead the charge,” he said.
The debt ceiling “doesn’t mean anything, except psychologically,” Trump added.
Sen. Elizabeth Warren (D-Mass.) endorsed Trump’s proposal.
For nearly a century, the debt ceiling has been used as the maximum amount lawmakers can borrow to meet existing obligations such as Social Security, Medicare, and interest payments. While the debt ceiling functions as a check on government borrowing and spending—and a tool for political…
Read the full article here