Larry Kudlow talks about the ongoing resolution debate

Good riddance to Debt ceiling This is the topic of scum. And President-elect Donald Trump is absolutely right: Get rid of the debt ceiling.

Good riddance. Get rid of it completely! Nobody pays any attention to that. It was never implemented. All it does is open the door to harmful Democratic attempts to threaten to shut down the government if Republicans don’t surrender all the trillions of dollars to their extreme liberal platforms and then blame the GOP for the shutdown.

Mr. Trump is also right that he does not want to take office with a debt limit hanging over his new administration and blocking his initiatives to cut taxes and close the border. In fact, maintaining the sterile debt limit would run counter to the new president’s entire political agenda.

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naturally! This is why Democrats love the debt ceiling. It doesn’t make sense, but it throws a wet blanket over Trump’s wonderful honeymoon. The Democratic leadership would love nothing more than to hold Trump’s entire agenda hostage, even though voters have just given Trump a massive mandate to change policies and be done with it. Pedagogical economics And moving toward a new Trump era of peace and prosperity.

If you look at the whining about the debt ceiling, it’s all coming from the liberal media and liberal politicians, who never advocate any restrictions on spending. Isn’t this interesting? Indeed, in the current ridiculous debate over short-term government funding and pseudo-debt caps, even the moderate payment requirements included in the last debt limit deal in 2023 between then-House Speaker McCarthy and President Biden have been thrown out the window. .

There were no spending offsets for all the crazy spending increases embodied in the thankfully defunct commercial register that went up in flames last night. What kind of spending increases? Well, here are a few. $100 billion for disaster relief, which is probably ten times what it should be. $31 billion in agricultural aid – a very large amount. Huge spending on new ethanol. The usual welfare increases for food stamps and childcare – with no work requirements, as always.

Another professional football boondoggle for the capital’s RFK Stadium. Congressional pay increases may be justified, but this is the wrong moment for them, and then things no one probably knows how much they cost — like 70 pages of so-called “pandemic preparedness.”

CR would have buried all the J-6 Committee records – like the preemptive pardon of Liz Cheney. The only good news is that President Trump rejected this continuing resolution bill.

Hopefully he can get through the debt limit as well, and it’s also worth noting that Mr. Trump is getting a lot of help from Elon Musk in all of these endeavors.

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In just a short space of time, Elon has become a major political force and a force for good, aided by his brother Doug Vivek Ramaswamy, who put a sharp pen to the extravagant 1,500-page dissertation that was thankfully buried.

Now, I would like to see Elon cooperate with President Trump and eliminate the debt ceiling completely, and then, Mr. Trump and his team can usher in the peace and prosperity of a new “Gilded Age,” and move forward with their tax-cutting agenda. Dismantle the regulatory state, close the borders, and “drill, baby, drill.” Let’s fatten the wallets of blue-collar workers, instead government Politicians and bureaucrats are scum.

This article is adapted from Larry Kudlow’s editorial commentary on the December 19, 2024 edition of “Kudlow.”