Good riddance to the debt ceiling and that’s the theme of the riff.

President-elect Donald Trump is absolutely right: Get rid of the debt ceiling.

good release Get rid of it altogether! Nobody cares. It never applies. All it does is open the door to mischievous Democratic attempts to threaten government shutdowns if Republicans don’t give up all the trillions of dollars for their ultra-liberal programs and then blame the GOP for the shutdown.

Mr. Trump is also right to say that he does not want to take office with a debt ceiling hanging over his new administration and impeding his tax cuts and border-closing initiatives. In fact, keeping the debt limit toothless will interfere with the new president’s entire policy agenda.

HURRICANE HELENE CAUSED BETWEEN $8-14M IN PRIVATE INSURED LOSSES: MOODY’S

Of course! This is why Democrats love the debt ceiling. It doesn’t make any sense, but it throws a wet blanket over the fantastic Trump honeymoon he’s enjoying. The Democratic leadership would love nothing more than to hold Mr. Trump’s entire agenda hostage. Trump, even though voters just gave Trump a huge mandate to change policies, fine. Bidenomics and move toward a new Trumpian era of peace and prosperity.

If you ever look at the howling about the debt ceiling, it’s all coming from the liberal media and liberal politicians, who never advocate any spending restraint. Isn’t it interesting? Indeed, in the current silly-season debate over short-term government funding and the bogus debt limit, even the mild payment requirement built into the latest debt limit deal in 2023 between the then Speaker McCarthy and President Biden have thrown themselves out the window. .

There were no spending offsets for all the crazy spending increases embodied in the thankfully now defunct CR that went up in flames last night. What kind of spending is increasing? Well, here are a few. $100 billion in disaster relief, probably 10 times more than it should be. $31 billion in farm aid, too much. Massive spending on new ethanol. The usual increases in achievement of food stamps and child care, no work requirements, as always.

Another pro football boondoggle for DC’s RFK Stadium A pay raise for Congress that might be justifiable, but it’s the wrong time for it, and then stuff that probably nobody knows what it costs, like 70 pages of ‘something called “pandemic preparedness”.

The CR would have buried all J-6 committee records, as a preemptive pardon for Liz Cheney. The only good news is that President Trump killed this continuing resolution bill.

Hopefully, he can kill 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 efforts.

GET THE FOX BUSINESS ANYWHERE CLICK HERE

In just a short period of time, Elon has become a major political force, and a force for good, and is being helped by his DOGE brother, Vivek Ramaswamy, who put a sharp pencil to the brazen CR of 1,500 pages which fortunately. was buried

Now, I’d like to see Elon team up with President Trump and kill the debt ceiling entirely, and then Mr. Trump and his team can embark on a new “Golden Age” of peace and prosperity, continuing with their tax-cutting agenda. dismantle the regulatory state, seal the border and “drill, girl, drill”. We fatten the wallets of blue-collar workers, instead of government politicians and bureaucrats, and that’s the riff.

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