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Trump says he now supports elimination of federal debt ceiling​

President-elect Donald Trump now wants to eliminate the statutory debt limit entirely after pushing Republicans to hold the nation’s credit hostage under Democratic presidents.

Under Democratic presidents, Donald Trump repeatedly demanded Republicans in Congress use the federal debt ceiling as leverage for their political demands. Now, as he prepares to return to the White House, Trump is calling for the elimination of the cap on government borrowing.

The United States government has accumulated more than $36 trillion in debt, about $8 trillion of which came during Trump’s first term in office. To pay interest on that and for current spending obligations, the Treasury must take on more debt each year. Rather than increase revenues or cut spending to eliminate the annual budget deficit and pay off the debt, Congress sets a cap on how much the government may borrow.

“The debt limit does not authorize new spending commitments,” the Treasury Department explains on its website. “It simply allows the government to finance existing legal obligations that Congresses and presidents of both parties have made in the past.”

Congressional Republicans have frequently used the cap as a bargaining chip, threatening to let the government default on its debts if Democrats do not agree to such demands as cuts to health care subsidies and climate infrastructure programs. The standoffs have caused market uncertainty and scared credit rating agencies, increasing government borrowing costs by billions of dollars and leading Standard & Poor’s and Fitch to downgrade the nation’s long-term debt rating.

In a telephone interview with NBC News on Dec. 19, 2024, the president-elect called for Congress to eliminate the statutory cap on how much debt the Treasury Department can accumulate, saying it was “the “smartest thing it could do. I would support that entirely. The Democrats have said they want to get rid of it. If they want to get rid of it, I would lead the charge.”

The Trump transition team did not immediately respond to a request for comment.

In December 2021, Congress set the debt limit at $31.381 trillion. A bipartisan law enacted in June 2023 suspended that limit until January 2025. With that freeze set to expire, Trump unsuccessfully pushed Congress to attach another increase in December 2024, before President Joe Biden leaves office, to a must-pass stopgap spending agreement. “The Democrats must be forced to take a vote on this treacherous issue NOW, during the Biden Administration, and not in June,” he posted on social media. “They should be blamed for this potential disaster, not the Republicans!”

In the past, however, Trump has egged on the GOP’s harmful debt limit showdowns under Democratic presidents.

“With the debt limit approaching, @GOP has even more leverage,” he tweeted in 2013. “If they stay united and on message they can win.”

“REPUBLICANS CAN GET ALMOST EVERYTHING BACK THAT ‘THE OLD BROKEN CROW,’ MITCH McCONNELL, AND THE REAL ‘LEADER,’ CHINA CENTRIC COCO CHOW, STUPIDLY GAVE UP TO THE DEMOCRATS OVER THE LAST TWO YEARS, BY SIMPLY PLAYING TOUGH IN THE UPCOMING DEBT CEILING NEGOTIATIONS,” he wrote in January 2023 on Truth Social, misspelling the name of McConnell’s wife, Elaine Chao, who had served in Trump’s Cabinet. “WITH THE ‘RIGHT’ NEGOTIATORS, LIKE ALL OF THOSE INVOLVED THE OTHER NIGHT (ON BOTH SIDES!) FOR SPEAKER, IT WILL BE A BEAUTIFUL AND JOYOUS THING FOR THE PEOPLE OF OUR COUNTRY TO WATCH. MAKE AMERICA GREAT AGAIN!!!”

Though Trump ran in 2016 on a promise to quickly balance the budget and pay off the national debt, he did not accomplish those things as president. According to the nonpartisan Committee for a Responsible Federal Budget, the tax cuts and tariffs he promised in his 2024 campaign would add between $1.65 trillion and $15.55 trillion more to the national debt over the next decade.
Not all Republicans in Congress are lining up behind Trump’s latest strategy. Newsweek reported on Jan. 5 that, asked on Fox News whether he would back elimination of the debt limit, Wisconsin Republican Sen. Ron Johnson said: “No, we absolutely need a debt ceiling limit. I’ll negotiate in terms of how far we increase that. There are all kinds of things we could do, but it starts with, again, going back to a baseline spending this reasonable amount as part of the negotiation on increasing debt limit. But we absolutely need that debt limit, or there’s no control over out-of-control government spending.”​

 
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www.yahoo.com

Republicans Finally Reveal How They’ll Pay for Tax Cuts for the Rich

Mike Johnson has just released House Republicans’ budget plan—and it’s not good.
www.yahoo.com www.yahoo.com


Adding $4 trillion to the national debt limit is a deeply ironic move for a party that is currently allowing the richest man in the world to destroy crucial federal institutions that he doesn’t like, in the name of “efficiency.” The programs that the Department of Government Efficiency is cutting are nowhere near as expensive as this blatantly pro-billionaire handout.

 
It boggles the mind that anyone could actually be against trying to find waste, fraud, and money laundering of taxpayer dollars in the public sector. Are you really against that? Really?

Sick people. Goes to show that the money being blown was all going to them in one way or another.

If any of you dipshits ran a company, (which you're not qualified for) the only way you wouldn't want to uproot the problem is if you were getting more $$ in the back door via kickbacks.

The public elected pols and unelected beaurocrats have been doing this forever! Their time is up.

And that is pretty much what has happened and is now it's going to end.
 

Elon Musk savaged as SpaceX gets new $40m defense contract amid his cutting of federal spending​


Elon Musk prompted yet another heavy backlash online after it was revealed that his rocket company SpaceX was still receiving multi-million dollar contracts from the U.S. government amid his crusade to slash trillions of federal funding.

“You'll never believe who is still getting new government contracts while all the contracts at the Department of Education and USAID and other agencies are being nuked from orbit,” attorney and researcher Will Stancil wrote on X.

Stancil shared a screenshot that appeared to confirm that Space Exploration Technologies Corp. (SpaceX) was awarded a NASA contract worth just shy of $39 million on Tuesday.
 
wader said:

Elon Musk savaged as SpaceX gets new $40m defense contract amid his cutting of federal spending​


Elon Musk prompted yet another heavy backlash online after it was revealed that his rocket company SpaceX was still receiving multi-million dollar contracts from the U.S. government amid his crusade to slash trillions of federal funding.

“You'll never believe who is still getting new government contracts while all the contracts at the Department of Education and USAID and other agencies are being nuked from orbit,” attorney and researcher Will Stancil wrote on X.

Stancil shared a screenshot that appeared to confirm that Space Exploration Technologies Corp. (SpaceX) was awarded a NASA contract worth just shy of $39 million on Tuesday.
Click to expand...
Good for him. He has the best tech to get to space and get the job done! Nasa can't do it! If space is a priority, go with the best. If it's not a priority, then burn it down. See how that works dipshit
 
Dump is making America too expensive! And he knows he can’t do anything about it. Especially now that his tariffs are going to make things much worse. Gutting government won’t make your life better and groceries cheaper. It is designed to make you unsafe and struggling.



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You get what you vote for 🤡 btw eggs in Mexico are $1.87/dozen#america



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Julio Zayas III​

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Canada Just Opened a Backdoor — Unleashes New Oil Trade Route to Bypass the U.S.
Washington thought Canada would hesitate. They assumed negotiations, slow diplomacy, maybe even concessions. Instead, Canada did the unthinkable—cutting a direct path to China, bypassing the US entirely. For years, the US had a chokehold on Canada’s energy exports. Almost every drop of crude flowed south. Now? That grip is slipping.
New tariffs. Rising tensions. And a pipeline that just changed the rules forever.
This isn’t just about oil. It’s about control. And for the first time in decades, Canada is making its own rules.
The Trans Mountain Pipeline expansion now pumps 890,000 barrels per day straight to the Pacific, giving Canada access to global markets. China? The biggest winner. Canada? Finally breaking free. And the US? Losing leverage by the day. With the global energy landscape shifting, Canada is playing smart—diversifying its buyers to avoid dependence on a single market.
A 10% tariff on Canadian oil was the final straw.
Washington assumed Canada would absorb the costs. Instead? Canada turned east. Why beg the US to buy when China is eager to secure long-term deals? Canada saw an opportunity. And they took it. Canada had watched as other energy exporters—like Russia and Saudi Arabia—secured long-term energy partnerships with China. Now, Canada is doing the same.
Just how far will The Felon 47 go with his tarriffs?
😳
😠

May be an image of 3 people and text that says '定 00 0 Canada Just Opened a Backdoor'
 
movetheboat said:
Canada Just Opened a Backdoor — Unleashes New Oil Trade Route to Bypass the U.S.
Washington thought Canada would hesitate. They assumed negotiations, slow diplomacy, maybe even concessions. Instead, Canada did the unthinkable—cutting a direct path to China, bypassing the US entirely. For years, the US had a chokehold on Canada’s energy exports. Almost every drop of crude flowed south. Now? That grip is slipping.
New tariffs. Rising tensions. And a pipeline that just changed the rules forever.
This isn’t just about oil. It’s about control. And for the first time in decades, Canada is making its own rules.
The Trans Mountain Pipeline expansion now pumps 890,000 barrels per day straight to the Pacific, giving Canada access to global markets. China? The biggest winner. Canada? Finally breaking free. And the US? Losing leverage by the day. With the global energy landscape shifting, Canada is playing smart—diversifying its buyers to avoid dependence on a single market.
A 10% tariff on Canadian oil was the final straw.
Washington assumed Canada would absorb the costs. Instead? Canada turned east. Why beg the US to buy when China is eager to secure long-term deals? Canada saw an opportunity. And they took it. Canada had watched as other energy exporters—like Russia and Saudi Arabia—secured long-term energy partnerships with China. Now, Canada is doing the same.
Just how far will The Felon 47 go with his tarriffs?
😳
😠

May be an image of 3 people and text that says '定 00 0 Canada Just Opened a Backdoor''定 00 0 Canada Just Opened a Backdoor'
Click to expand...

 
wader said:

Elon Musk savaged as SpaceX gets new $40m defense contract amid his cutting of federal spending​


Elon Musk prompted yet another heavy backlash online after it was revealed that his rocket company SpaceX was still receiving multi-million dollar contracts from the U.S. government amid his crusade to slash trillions of federal funding.

“You'll never believe who is still getting new government contracts while all the contracts at the Department of Education and USAID and other agencies are being nuked from orbit,” attorney and researcher Will Stancil wrote on X.

Stancil shared a screenshot that appeared to confirm that Space Exploration Technologies Corp. (SpaceX) was awarded a NASA contract worth just shy of $39 million on Tuesday.
Click to expand...
movetheboat said:
Dump is making America too expensive! And he knows he can’t do anything about it. Especially now that his tariffs are going to make things much worse. Gutting government won’t make your life better and groceries cheaper. It is designed to make you unsafe and struggling.

9.3K views · 22 reactions | You get what you vote for 🤡 btw eggs in Mexico are $1.87/dozen #america | Julio Zayas III
You get what you vote for 🤡 btw eggs in Mexico are $1.87/dozen#america



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Julio Zayas III​

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Reels · Feb 3 ·
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South Africa has officially banned all American businesses from operating within its borders and halted mineral exports to the U.S.
🇿🇦
✂
🇺🇸

This decision comes just days after Donald Trump announced a complete withdrawal of U.S. funding and USAID support to South Africa.
🥶

In response, the South African government made it clear to Trump that the U.S. relies heavily on African minerals. They firmly stated that if he views Africa as nothing more than a recipient of aid, he should seek resources elsewhere—because Africa is done tolerating disrespect and disregard from Western powers.
🌍
💪

With the U.S. generating over $25 billion in profits from South Africa annually, this move is expected to have significant economic repercussions for both nations.
😩

No African country has ever taken such a bold stand against the United States before.
May be an image of 2 people and text that says 'TRUMP TEXTTRUMPto88022 TEXT TRUMPto 88022 St.Louis,Missouri St. Louis, Missouri MAKEAMERICAGR MAKE AMERICA GREAT GREATAGAIN! AGAIN!'

WINNING?

 
MERICA

THE NEW ELON GRIFT: "Trump's State Department just announced it expects to spend $400 MILLION on 'armored' Teslas made by Elon Musk's car company."
May be an image of 2 people and text that says 'T TESLA HARRY SISSON: SO ELON MUSK AND TESLA GET A $400 MILLION GOVERNMENT CONTRACT FROM THE STATE DEPARTMENT BUT FUNDING FOR CANCER RESEARCH AND MALARIA DRUGS GET CUT? GOT IT. TRUMP'S AMERICA, FOLKS. OCCUPY DEMOCRATS'
WINNING?
 
WASHINGTON —In a setback to Donald J. Trump’s plan to turn the Gaza Strip into the “Riviera of the Middle East,” on Wednesday the 4-year-old son of Elon Musk called the proposal “idiotic.”
“You’re saying that the United States would own Gaza,” X Musk told Trump in an Oval Office meeting. “Who would we be buying it from? And what would become of the two million Palestinians who call it home? Removing an entire population is tantamount to ethnic cleansing and contravenes international law.”
“You need to think this stuff through, dumbass,” X added.
X’s comments drew broad praise from leaders across the Middle East, including Jordan's King Abdullah II, who remarked, “Finally, there’s an adult in the room.”
May be an image of 2 people and text that says 'm Andrew Harnik/ Harnik/Getty Getty Images Musk's Son Calls Trump's Gaza Plan Idiotic FEB 12'

 
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