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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTFG, after adding trillions to the government's IOUs, comments on debt ceiling fight
Former President Donald Trump says the country has a debt problem and that the ongoing debt ceiling fight can be a very strong card to play [where Republicans] can get a lot of what they want."
In an exclusive interview with Yahoo Finance, Trump said the prospect of a government default, which could plunge the country into a recession, can and should be a Republican lever to stop the Democratic spending efforts, including the multitrillion-dollar package of social spending currently being debated in Congress.
But would that make a default even more likely in the coming weeks? The markets are already spooked by the faceoff between Sen. Chuck Schumer and Sen. Mitch McConnell over how to proceed on the issue.
Senate Minority Leader McConnell has repeatedly said no Republicans will vote for a debt ceiling increase, but he has also calmed the markets some by saying "their unified Democratic government is fully capable of fast-tracking a debt limit increase on their own" (through a second reconciliation with just Democratic votes).
https://finance.yahoo.com/news/trump-after-adding-trillions-to-the-governments-io-us-comments-on-debt-ceiling-fight-140008719.html
Raven123
(4,830 posts)PortTack
(32,762 posts)As far as turtle claiming the Dems will fast track it with a reconciliation process...I dont think so! Thats what hes hoping....that would kill the infrastructure bill.
It didnt work for them with Clinton or Obama, it wont work this time either.
Vinca
(50,269 posts)spout out an actual instance of GOP and/or Trump spending and the exact amount of said expenditure and follow it up with the statement that this is the bill coming due. Republicans are playing their usual games and - so far - Democrats are being their usual reserved selves. Enough already. Fight back!