UPDATED - Trump suggested scrapping future debt ceiling votes to congressional leaders

[DonViejo]

Last edited Thu Sep 7, 2017, 12:32 PM - Edit history (1)

Source: Politico



By JOSH DAWSEY and BURGESS EVERETT 09/07/2017 09:06 AM EDT Updated 09/07/2017 11:31 AM EDT

President Donald Trump suggested to congressional leaders on Wednesday morning that votes to raise the debt ceiling could be done away with altogether, according to three people familiar with the conversation.

In a meeting with GOP and Democratic leaders, in which Trump sided with the Democrats on a fiscal deal to raise the debt ceiling, the president said he believes the votes are unproductive, those people said. Many lawmakers dread the vote, particularly Republicans, some of whom disagree with attempts to raise the debt ceiling without major fiscal reforms.

With Congress set to lift the debt ceiling into December as part of the deal, Trump floated the idea that the next time Congress votes to raise the debt ceiling, it could be the last. He said conversations should happen over the next three months, according to people in the room.

Senate Minority Leader Chuck Schumer (D-N.Y.) raised the topic with Trump, a source familiar with the conversation said. "Let's do it," Trump replied, the source recounted.

Read more: http://www.politico.com/story/2017/09/07/trump-end-debt-ceiling-votes-242429?lo=ap_c1

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UPDATE:

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

By Damian Paletta and Ashley Parker September 7 at 12:25 PM

President Trump and Senate Minority Leader Chuck Schumer 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. Schumer, Trump, and House Minority Leader Nancy Pelosi (D.–Calif.) agreed to work together over the next several months to see if they can 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 are hopeful they can 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,” said White House press secretary Sarah Huckabee Sanders.

more
https://www.washingtonpost.com/news/wonk/wp/2017/09/07/trump-schumer-agree-to-pursue-plan-to-repeal-the-debt-ceiling/?pushid=59b173b15ea55a1d00000016&tid=notifi_push_breaking-news&utm_term=.7336d1ce90b4

[underpants]

1. Sharp eye for controlling spending that guy has

[VMA131Marine]

2. Raising the debt ceiling has nothing to do with spending

That's a right wing talking point you should be aware of. The debt ceiling merely give authority to borrow money to cover expenditures already authorized by the budget or a CR.

[ashredux]

3. Exactly ....the Right often misleads on this..

[sinkingfeeling]

4. So Congress should have a blank check to borrow money?

[GulfCoast66]

6. Yep

The debt ceiling vote is a right wing tool use to bludgeon social spending

[Orangepeel]

7. No, but it should be automatic that the USA pays the debt it incurs

This isn't a vote on whether to borrow money. It's a vote on whether to pay it back.

[shanny]

14. Succinct and accurate!

Thank you! It makes me crazy to hear RW talking points from liberals.

[Girard442]

8. Yes.

Congress controls spending and borrowing. It's nonsensical for them to authorize spending and then play with default dynamite afterwards when borrowing is needed.

[thesquanderer]

9. Trump is right about this.

It's not a blank check to borrow money. It's a blank check to pay for obligations that the country has already committed to. Raising the debt limit always passes, because it would be a total disaster if it didn't. It no longer serves any purpose except to be used as a political football by the right.

[harun]

13. This

[Girard442]

5. The blind squirrel found a nut.

The debt ceiling votes have been nothing but political Russian Roulette. They need to go.

[snort]

10. There are a thousand and one uses

for a useful idiot.

[brooklynite]

11. Remember when there was plenty of time to come up with a budget deal to avoid sequestration?

Remember when repealing and replacing Health Care was going to be easy?

Remember when tax reform was going to be ready by summer?

[procon]

12. Congress clings to repeatedly raising the debt ceiling for political gain.

It should be abolished, and be just like any other normal and routine function of government. Since Trump is of a mind to work with Democrats, at least for the moment, Schumer and Pelosi should get a bill ready to move forward for his signature.

The Republicans are so frightened that Trump will unleash his bully boys and goons on their next reelection efforts, they might whine and mutter, but in the end they will have to kowtow to his demands.

[eggplant]

15. Trump has figured out that he can score "wins" by working with Dems.

Which is all he actually cares about. He doesn't care what the wins are. Schumer and Pelosi are taking advantage of golden opportunities here.

[GeorgeGist]

16. I've told friends that, most of all, Trump wants to be loved ...

now he should hold out for Medicare for All. He'd be loved.

[eggplant]

20. And he could do it as a twofer -- he'd also have finally gotten rid of that dreaded Obamacare.

[Bradical79]

17. Dems trying to get work done!

Glad they can leverage the GOP failures to manipulate our narcissistic president on something.

[workinclasszero]

18. Freepers are not going to like this

[KY_EnviroGuy]

19. Anyone notice a little hypocrisy here?

Mr. Dealmaker has been known many times to renege on paying construction contract obligations just because he felt the cost was too high...after the fact. Essentially, he likes to declare a cost ceiling after committing to the work.

Why isn't he trying to pull that off here? Hell, just tell people like Lockheed he doesn't like the job they do, so only pay them 75% of contract. Sue me!!