Trump and Warren found rare agreement on eliminating the debt ceiling, raising concern among fiscal conservatives. While framed as a way to prevent economic catastrophe, removing the cap could lead to unlimited borrowing and long-term financial damage.
Key Facts:
- President Donald Trump posted on Truth Social supporting the elimination of the debt ceiling.
- He agreed with Democratic Sen. Elizabeth Warren’s call to scrap the limit to avoid economic disaster.
- Trump said removing the cap would prevent political games that threaten national and global financial stability.
- He referenced the $4 trillion price tag of a major spending proposal and encouraged bipartisan cooperation.
- Warren had framed the debt limit debate around tax breaks for billionaires.
The Rest of The Story:
President Trump, known for clashing with Democrats, made an unexpected alliance with Sen. Elizabeth Warren by backing her stance on abolishing the debt ceiling.
He said the current system gives too much power to political figures who might use it to threaten the economy.
Trump called the debt ceiling “too devastating” to remain in political hands and advocated for its removal to ensure long-term financial stability.
Trump’s comments came as he addressed Warren’s social media post, which argued that the debt ceiling is used to push tax benefits for the wealthy.
While Trump acknowledged her second point about a $4 trillion initiative, he emphasized any major changes would need to happen over time.
He called for cooperation between Republicans and Democrats to move forward.
Commentary:
There’s nothing funny about Trump agreeing with Warren on removing the debt ceiling.
The debt ceiling is one of the last remaining tools to at least slow down runaway government spending.
Once it’s gone, there’s no real cap left—just a blank check handed to Congress.
Washington has already shown it can’t be trusted to manage money responsibly.
The so-called “big, beautiful bill” proves it.
Trillions in spending with no clear oversight or plan for repayment isn’t just reckless—it’s dangerous.
Eliminating the ceiling would mean there’s no longer a moment when lawmakers are forced to pause and consider the consequences of their spending spree.
If Congress can borrow endlessly without constraint, it’s only a matter of time before credit agencies react.
A downgrade of America’s credit rating would increase borrowing costs, meaning taxpayers would foot the bill just to cover the interest.
Eventually, tax revenue wouldn’t fund schools, roads, or national defense—it would only go toward paying off debt we should never have taken on.
This kind of reckless fiscal policy puts the whole economy at risk.
Why is @elonmusk so upset about gov't spending? B/c he knows as soon as the debt ceiling is lifted, Treasury will borrow over $1 trillion to replenish its cash account and reverse the "extraordinary measures" taken since Jan – debt will be $38 trillion by Sep… pic.twitter.com/69pbci7N0q
— E.J. Antoni, Ph.D. (@RealEJAntoni) June 4, 2025
Families don’t get to spend without limits—neither should the federal government.
Without a ceiling, Washington could dig us into a hole so deep that future generations may never climb out.
Even when political rivals agree, that doesn’t make them right.
Eliminating the debt ceiling would open the floodgates to limitless debt and inevitable financial collapse.
The Bottom Line:
Trump’s call to end the debt ceiling may be well-intended, but it opens the door to unlimited government borrowing.
That kind of power in Washington’s hands, no matter who’s in charge, is a recipe for financial disaster.
History shows that unchecked spending leads to inflation, debt, and economic instability—and there’s no “big, beautiful” fix for that.
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