Trump, Schumer will seek plan to scrap debt ceiling: report

[mystery-ak]

Trump, Schumer will seek plan to scrap debt ceiling: report
By Max Greenwood - 09/07/17 01:23 PM EDT


 
Trump, Schumer will seek plan to scrap debt ceiling: report
© Greg Nash

President Trump and Senate Minority Leader Charles Schumer (D-N.Y.) will seek a deal to do away with future votes to raise the debt ceiling, according to a Washington Post report.

The president proposed the idea of scrapping the debt ceiling altogether during a meeting with GOP and Democratic congressional leaders on Wednesday, saying the votes to raise the limit were unproductive.

Schumer, Trump and House Minority Leader Nancy Pelosi (D-Calif.) agreed to work together over in the coming months on a plan to do so, the Post reported.

more
http://thehill.com/homenews/senate/349653-trump-schumer-will-seek-plan-to-scrap-debt-ceiling-report

[corbe]

Trump, Schumer agree to pursue plan to repeal the debt ceiling

By Damian Paletta, Ashley Parker

September 7, 2017 at 12:25 PM

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."

Senate Democrats hope they will be able to finalize an arrangement with Trump by December.

"The president encouraged congressional leaders to find a more permanent solution to the debt ceiling so the vote is not so frequently politicized," White House press secretary Sarah Huckabee Sanders said.

<..snip..>

https://www.washingtonpost.com/amphtml/news/wonk/wp/2017/09/07/trump-schumer-agree-to-pursue-plan-to-repeal-the-debt-ceiling/

[Meldrew]

I'm officially tired of all the winning now.

[skeeter]

Take the lid off and let these irresponsible putzes blow the whole thing up.

Faster that happens the sooner we can get around to settling accounts and rebuilding from the rubble.

[jmyrlefuller]

Unlimited borrowing. Soon it will be official!

[MOD4]

Merged Topics

[montanajoe]

Makes sense...making these guys vote on these minor details every few months is biggly unfair.. 

See the GOP Senate passed a Harvey aid package of nearly twice as much as the Dims wanted...winning

[To-Whose-Benefit?]

http://www.usdebtclock.org


Bipartisan: synonym for Date Rape

[txradioguy]

I'm officially tired of all the winning now.

You and me both

[andy58-in-nh]

The "debt ceiling" has proven utterly ineffective in preventing the D.C. Den of Thieves from pilfering the Treasury.

The reason is because that by the time the so-called "ceiling" must be raised, the money it incorporates has already been spent.

Thus, any attempt to stop an increase in the debt ceiling is meaningless from a fiscal standpoint, and potentially catastrophic from a financial one.

Ultimately, the only way to stop the money merry-go-round is to legally constrain Federal spending so that the debt limit does not have to be raised in the future.

I know: good luck with that.

[Cripplecreek]

Spend all you want, we'll make more and dump the debt on future generations.

[Free Vulcan]

As much as I harp about the debt, I do get tired of this constant kabuki every 12-18 months. At best you might get a shutdown for awhile then things resume as they were. The Dems have negotiated a debt ceiling vote along with budget negotiations in December. It looks like they may use that as an opportunity to try and scrap it all together.

I'm to the point of forget the debt ceiling and just let the Prez and Congress negotiate the budgets, then suffer the consequences of their decisions good or bad. Tired of the can kicking and foot dragging. Let's either fix it or let it all go to hell.