There are dozens of Trump’s proposals which I disagree with, but the proposal to get rid of the debt ceiling is correct. It will require an act of Congress to get rid of the debt ceiling and should be a time when Republicans and Democrats can agree that it causes more problems than it solves.

The debt ceiling does not put a limit on our spending. The US is obligated to pay the bill for approved expenditures by Congress. I have posted this numerous times and the consequences of not passing a debt ceiling bill in time can be terrible for the US.

A meaningful debate on our growing debt can be done without resorting to the last minute drama that comes with raising the debt ceiling.

Stay tuned,

Dave