DJT statement on debt ceiling.

If they are making government more efficient, as they say, why is this an issue?

His stance here poses an existential issue for DOGE - why in the hell does it exist?

Vivek and Elon are going to get tired of this bullshite.

The debt ceiling has never curbed a cent of spending. It's primarily a political football. I don't love this line of thinking Trump's running with, but the truth is that as long as the fed is at the disposal of corporate lobby armies in this country, spending will never be reigned in.

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Trump’s new message is the pressure is hard so just kick the can down the road so I don’t have to deal with it?

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Yes. Growth at all cost.

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The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the U.S. Government can't pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion. That is "trillion" with a "T." That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President's budget will increase the debt by almost another $3.5 trillion.

Numbers that large are sometimes hard to understand. Some people may wonder why they matter. Here is why: This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we'll spend on Medicaid and the State Children's Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined. It is more money in one year than we are likely to spend to rebuild the devastated gulf coast in a way that honors the best of America.

And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on. Every dollar we pay in interest is a dollar that is not going to investment in America's priorities. Instead, interest payments are a significant tax on all Americans — a debt tax that Washington doesn't want to talk about. If Washington were serious about honest tax relief in this country, we would see an effort to reduce our national debt by returning to responsible fiscal policies.

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-Barack Obama

You dumb fig.

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Barack Obama You dumb fig.

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When he was a senator in 2006 before he ran for president. Doing what most politicians do. Pointing out problems and promising to make positive changes in order to win an election and then immediately forgetting everything he promised and doing nothing to actually help.

Considering Obama said that and then less than 2 years later went on to inflate the debt and raise the ceiling, the statement and its timing proves Obama and Trump are a lot more alike that you care to admit. I’m not sure that was your intention but I hope you notice it is the reality.

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Barack Obama

You dumb fig.

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So Trump is basically Obama? Got it.

When was the debt ceiling ever followed?

Has it ever been effective at stopping spending?

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I think he needs the debt limit raised so he can issue bonds on it.

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He did offer incentives for investors.