Donald Trump (R), Paul Ryan (R), Charles Schumer (D), Nancy Pelosi (D), et al (R & D) are working hard on a plan to scrap the debt ceiling debacles forever:
President Trump and Senate Minority Leader Charles E. Schumer (D-N.Y.) have agreed to pursue a deal that would permanently remove the requirement that Congress repeatedly raise the debt ceiling, three people familiar with the decision said.
Trump and Schumer discussed the idea Wednesday during an Oval Office meeting. The two, along with House Minority Leader Nancy Pelosi (D–Calif.), agreed to work together over the next several months to try to finalize a plan, which would need to be approved by Congress.
One of the people familiar described it as a “gentlemen’s agreement.”
With gentlemen like this who needs scoundrels?
Honestly, they might as well do away with the theater. D.C. is going to spend itself into oblivion regardless of what any law says. Might as well speed things up a bit.
“Conservatives” will surely spin this as a quid pro quo from Trump – maybe for his wall or tax relief or something. Whatever it is, watch it fail.
Let’s see how fast they can turn $20 Trillion (on books) into $40T, or $100T! I call $40T by 2025, outside maximum.
Long live the debt! Long live the funny money!
Y’all keep voting. Really making a difference!
Scene from The Creature from Three Mile Island. Washington Post.