Just sharing this. I was struggling with Trump's position on not wanting a debt ceiling passed. Had all negative thoughts. Is he planning to spend to the moon?
Then someone pointed out to me that every time Congress votes to raise the debt ceiling we get billions and billions of pork added to the bills.
Maybe I am just slow, and everyone else had this figured already.
I thought it was Welcome back Kotter at first. Its Taxi. Very funny clip :) !!
And how many times have we raised the debt ceiling? What's the point of it if we're just going to keep pushing it up anyway? Why have one to begin with if it doesn't serve a purpose other than, like you said, adding nonsense to the bills?
Not sure what Trump's stance is on it, but what you're saying makes sense to me. Some of the stuff they add to those bills is unbelievable...
This article shows the battles fought for pork to "Avoid Government Default " Strangely, its PBS
https://www.pbs.org/newshour/politics/senate-votes-to-avoid-a-default-sends-debt-ceiling-bill-to-biden
June 1st 2023
"Senate votes to avoid a default, sends debt ceiling bill to Biden"
You can just hear the Senators patting themselves on the back for saving America.
https://www.nbcnews.com/politics/donald-trump/trump-calls-abolishing-debt-ceiling-rcna184820
Trump calls for abolishing the debt ceiling
What’s a limit if it’s never enforced. You’re right. Stop the pretend nonsense and get rid of the ceiling. It’s a charade.
I think maybe he intends to go on a spending spree before he defaults against the Federal Reserve banks.
I don't know what that would do to the economy, but I sure hope he knows what he is doing.
I agree, run it up!! And about the economy, fiat and money In general is a faith based system, it's worth what the population believes it's worth. Lots could have already happened behind the scenes without anyone knowing, as long as certain messaging stays positive, for example.
gme
short sellers (hedge funds)
prime brokers (failed margin calls)
clearinghouses (dtcc)
retail brokers (not your name, not your shares)
fed (final boss, money printer goes brrrrrrr)
just my speculation
It’s arbitrary. It’s used to make folks think they are being frugal. It literally does not matter bc they set it where they want it…Modigliani and Miller proved a thing is worth what it gets, so adding debt is meaningless…it’s how the debt is managed or mismanaged. If a country or entity wants to lend money to us, they damn sure know they CAN get it back. Market mechanics at work.
I've always interpreted it as meaning a "budget". now maybe that's not accurate, but why would we ever not want some kind of limit on their spending?
I do trust Trump and those around him though and trust there's logic behind this...plans to bankrupt the fed reserve could maybe sense. otherwise I'm just in comfy and faith in Trump mode
As I understand it, his intended tax cuts (shrinking income) would be counted as spending. He doesn't want to constantly knock up against the debt ceiling to get his agenda done.
Like, if it costs a trillion to deport all these aliens , i'm all for it.
Gold kills the Fed! Let them spend as much of the fake monopoly money until it collapses!
First you must understand that money itself is a mind virus a myth a phantom power. The only value is of the mind. That being said, yes, are correct. The house spends every chance it gets, to pay off doners and lie , cheat , steal. They are addicts. The other portion of the programming is that the Fed, which creates $ from thin air will be left holding the bag when it all implodes, which Trump plans to do. But imagine spending for Good purpose instead of Evil. They don't want him to have the purse strings. Lastly, when he flushes it all down the toilet and thumbs his nose to 500 trillion, he will dissolve the USA. And it will consume Canada and Mexico into the North American Union. The most powerful union in the world. Then a new agreement to purchase oil in the new dollar will form and the confidence that comes along with it will form the the backbone of the world economy again. The difference is that there will be NO central bank. No Rothschilds. They will die with each country collapse. Germany, Japan, Canada, etc. all in a row as supervised by the 'Don'.
Then the hidden technology will be released. Free energy and a Real Green new deal. Anti gravity and new air travel, hydrogen car conversions and abundance of food for all. The end of poverty and sickness. Its real folks. Brace yourselves.
What movie was this?
Passing a budget and not increasing the debt ceiling is completely illogical.
Increasing the debt ceiling does not mean we can "spend to the moon". Passing the budget to the moon is how we literally spend to the moon.
If debt ceiling really did the job its supposed to do, no one would pass a budget beyond the debt ceiling - but its been weaponised into a second round of leverage for the Cabal to get what they want.
Trump asking for debt ceiling to be raised to match the budget is a logical thing to do. If I write you a check for $1000, I need to tell my bank that they are allowed to cash $1000 checks.
However, the bill was passed without raising the debt ceiling. This means, this seperate problem will be exposed when the time comes - just like the budget problem was exposed by Elon's picture of the two bills side by side.
Without a debt ceiling raise, DOGE can go wild and Congress will have to go with it.