FOX Business host Larry Kudlow reacts to the Congressional conflict over Kudlow's spending bill.
Good riddance to debt ceiling And this is the theme of the riff. President-elect Donald Trump is absolutely right: get rid of the debt ceiling.
Good riddance, give it up! No one cares about it. It never runs. All it does is open the door to nefarious attempts by the Democrats to threaten to shut down the government if the Republicans don't give up all the trillions of dollars for their ultra-liberal programs, and then hold the Republicans responsible for the shutdown. know it
Mr. Trump is also right that he does not want to take power with a debt limit on his new administration and prevent tax cuts and border closures. In fact, keeping the debt ceiling toothless would interfere with the new president's entire policy agenda.
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Of course! This is why Democrats love the debt ceiling. It makes no sense, but it throws a wet blanket over Trump's wonderful honeymoon that he is enjoying. The Democratic leadership does not like to hold all of Mr. Trump's agenda hostage, even though voters have given him an overwhelming mandate to change policies. Bidenomics And move towards the new Trump era of peace and prosperity.
If you look at the outcry about the debt ceiling, it's all coming from the liberal media and liberal politicians who would never support any kind of spending restraint. Isn't it interesting? In fact, in the current silly season of short-term government budget and bogus debt limit debate, even the soft payment provision built into the last 2023 debt limit deal between then-President McCarthy and President Biden has been thrown out the window. .
There was no cost compensation for all the crazy cost overruns that happened at CR which thankfully has now gone and burned down last night. What types of costs will increase? Well, here are a few. $100 billion in disaster relief, which is probably ten times more than it should be. $31 billion in farm aid – too much. The massive new ethanol costs of the usual welfare increases for food stamps and child care – no work required, as always.
Another professional football player for RFK Stadium in DC. A pay raise for Congress that might be justifiable, but the moment is wrong for it, and then things that probably no one knows what they cost — like 70 pages of something called “pandemic preparedness.”
CR would bury all J-6 committee records – sort of like a preemptive amnesty for Liz Cheney. The only good news is that President Trump killed the continuing resolution bill.
Hopefully, he can also eliminate the debt limit, and it's also worth noting that Mr. Trump is getting a lot of help from Elon Musk in all of these efforts.
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In just a short time, Elon has become a major political force, and a good one at that, aided by his DOGE brother Vivek Ramaswamy, who penciled in a 1,500-page CR that was thankfully buried. It helps.
Now, I'd like to see Elon with President Trump and eliminate the debt ceiling altogether, and then Mr. Trump and his team can usher in a new “Gilded Age” of peace and prosperity and push through their tax-cut agenda. enter Eliminate the regulatory government, close the borders, and “drill, baby, drill.” Let's fatten the wallets of blue-collar workers instead the government Politicians and bureaucrats and this is the riff.
This article is adapted from Larry Kudlow's opening commentary in the December 19, 2024 edition of “Kudlow.”