Sen. Elizabeth Warren, D-Mass., said that it's possible that "hell has frozen over" after admitting that she agrees with President Donald Trump on abolishing the debt limit.
In a guest column for The New York Times published Thursday, Warren asserted that the "debt limit is a political tool" whose only function is enabling the minority party at the time to force "Congress to negotiate its demands."
"I've pushed publicly and privately, whether Democrats or Republicans have been in charge, to scrap the debt ceiling permanently. Now, with Mr. Trump's support, our country could finally get rid of this form of brinkmanship that has, for decades, threatened the stability of our economy," Warren wrote.
In a post to Truth Social earlier this month, Trump said he, too, agreed with Warren to scrap the debt limit.
"I am very pleased to announce that, after all of these years, I agree with Senator Elizabeth Warren on SOMETHING. The Debt Limit should be entirely scrapped to prevent an Economic catastrophe," Trump wrote.
Citing the Big, Beautiful Bill that now sits before the Senate, Warren on Thursday wrote, "The debt limit doesn't stop a single penny of spending. The party in power can simply raise the limit to accommodate their new spending. Keeping the debt ceiling around just feeds the political games as one party or the other threatens to block any increase and lets our country default."
Further, Warren assails Republicans' funding megabill as "morally bankrupt" and vowed to continue her fight against it. Separately, however, Warren is calling on all of Congress to "make a permanent change that benefits our nation."
"Republicans in Congress can set aside their big, beautiful billionaire budget while lawmakers of both parties can come together to do what Mr. Trump urged last week, to recognize that the debt limit is 'too devastating to be put in the hands of political people that may want to use it despite the horrendous effect it could have on our country,'" she wrote.
"The president is right on this point: Let's scrap the debt ceiling once and for all," she concluded.
Mark Swanson ✉
Mark Swanson, a Newsmax writer and editor, has nearly three decades of experience covering news, culture and politics.
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