Because the Democrats plan to abuse it to thwart the will of the people. They want to use it to stop the agenda that the American people voted for. The deficit reduction efforts take time and unfortunately the path that the Democrats have put us on cannot be reversed fast enough to avoid a debt ceiling increase.
the igorant fool doubles down W, Obama, Trump 1..0 and Biden all spend close to 10 X the Nixon/Ford/Carter years, but inflation has been lower
I guess they do matter. Just takes a little bit of time. The OG trump tax cuts were not a good thing to do. We had a reasonably good economy when obama left, and trump decided to cut taxes when it didn't need to be done.
It did need to be done -- to stop the relentless growth in government. And after the disastrous Biden years of government expansion, Trump and DOGE are needed more than ever.
Lol! So when the democrats are in power and the GOP cries about the debt ceiling limit…. That’s your side stopping the will of the people? Trump wants massive tax cuts which will add massive deficit so he needs limit eliminated…. You can’t math very well.
Republicans raised the ceiling numerous times for Biden, you dunce. You are not prepared to argue this topic.
Lolol I will wager you any sum of money that trump will not cut the deficit and the national debt will explode under his watch. Its going be so funny watching MAGATs suddenly stop caring about the debt as soon as trump enters office. None of these trolls care about the debt
And they’ve used it to threaten government shutdowns many times under Obama and Trump. Bottomline Trump is going to add more to the deficit if he passed his massive tax cuts.
When your party is in power they don’t matter. When their party is in power they matter. Been that way forever.
We've kicked the can down the road and will blame the generation 30 yrs from now for their weakness, degeneracy, and incompetence, Live it up while you can and get yours. That is considered doing your part for supporting this economy.
It does matter the most when you struggle to service your debts ( minimum payments cc). mortgage rate ~7% Fed interest rate 4.50% as of now. ~12% , 7% respectively later on.
I would back this plan, any chance this get enacted? Maybe with Elon's money there is a chance? https://finance.yahoo.com/news/elon-musk-backs-warren-buffett-151100160.html Elon Musk backs Warren Buffett’s proposal to ‘end the deficit in 5 minutes’ as the bold idea gains steam again "I could end the deficit in five minutes,” Buffett told CNBC’s Becky Quick in a 2011 interview. “You just pass a law that says that any time there's a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election.” Utah Senator Mike Lee reposted the video on X, asking the public, “Would you support this amendment?” The question sparked a wave of responses, including one from Tesla CEO and X owner Elon Musk, who replied: “100%. This is the way.” But Lee isn’t just crowdsourcing opinions — he’s trying to turn the idea into a reality. “I’m drafting a constitutional amendment to oust every member of Congress whenever inflation exceeds 3%. It’s better to disqualify politicians than for an entire nation to suffer under the yoke of inflation,” he wrote on X.
Hmm, why not the first one? I usually like Mike Lee, but that seems a little sus. I may have found the imposter. Of course there is an easier way, just pass a balanced budget amendment. Don't allow any spending unless the budget is deficit free.
