FOX Business host Larry Kudlow reacts to the congressional fight over the spending bill on ‘Kudlow.’
A smooth ride of debt ceiling and that’s the title of the riff. President-elect Donald Trump is absolutely right: remove the debt ceiling.
Good life. Remove it completely! No one ignores that. It has never been used. All it does is open the door to misguided attempts by the Democratic Alliance to threaten a government shutdown if Republicans don’t commit to all the billions of dollars for their liberal agenda and then blame the GOP for the shutdown.
Mr. Trump is also right that he does not want to take office with a debt ceiling hanging over his new administration and block his plans to cut taxes and close borders. In fact, maintaining a toothless debt limit would undermine the new president’s entire policy agenda.
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‘Making Money’ host Charles Payne talks to ‘Kudlow’ about the Fed’s latest rate decision.
That’s right! This is why Democrats love the debt ceiling. It has no explanation, but it throws a wet blanket over Trump’s sweet vacation that he is enjoying. The leadership of the Democratic Alliance would like nothing more than to hold the whole agenda of Mr. Trump, even though the voters just gave Trump a huge mandate to change policies, it’s over. Bidenomics and move on to a new Trumpian era of peace and prosperity.
If you ever look at the whining about debt consolidation, it all comes from the liberal media and liberal politicians, who never advocate any restraint of spending. Isn’t that interesting? In fact, in this current season of silly debate over temporary government funding and the phony debt limit, even the soft Pay-Go requirement built into the final 2023 debt limit agreement between then-Speaker McCarthy and President Biden has been thrown out the window. .
There was no cost to spend on all the mysterious cash increases that were put into CR’s fortunes that went up in flames last night. What kind of spending is going up? However, here are a few. $100 billion in disaster relief, which is probably ten times what it should be. $31 billion in farm aid – too much. The consumption of new ethanol is large. The average scholar gets by on food stamps and child care – without work requirements, as usual.
Another RFK stadium football tournament in DC. A raise in Congress that might be justified, but the timing is wrong and then there are things that nobody knows what they’re worth — like 70 pages of something called “pandemic preparedness.”
CR would bury all J-6 committee records – same as Liz Cheney’s previous pardon. The only good news is that President Trump killed this ongoing settlement bill.
I hope he can kill the debt ceiling again and it is worth noting, that Mr. Trump is getting a lot of help from Elon Musk in all these efforts.
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In a short span of time, Elon has become a major political force and a force for good and is aided by DOGE’s brother Vivek Ramaswamy, who put a sharp pencil to the 1,500-page fraudulent CR that was fortunately buried.
Now, I would like to see Elon cooperate with President Trump and kill the debt ceiling completely and then, Mr. Trump and his team can start a peaceful and prosperous “Golden Age”, moving forward with their agenda to cut taxes, dismantle the regulatory environment, close the border, and “drill, baby, drill.” Let’s fatten the pockets of blue-collar workers, instead the government politicians and officials and that is fraud.
This article is adapted from Larry Kudlow’s opening remarks on Dec. 19, 2024, edition of “Kudlow.”
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