Larry Kudlow on the ongoing controversy

Good reading for debt ceiling and that is the subject of interference. President-elect Donald Trump is right: remove the debt ceiling.

Good reading. Get rid of it! No one gives any thought to it. It was not forced. All it does is open the door to malicious attempts by Democrats to threaten to shut down the government if Republicans don’t allow all the billions of dollars in their most liberal programs and then blame the GOP for shutting it down.

Mr. Trump is also right that he does not want to take responsibility for the debt ceiling that he has in his new administration and hinder his plans to cut taxes and close the border. In fact, keeping the debt limit without teeth will undermine the entire agenda of the new president.

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Where! This is why Democrats love the debt ceiling. It doesn’t make any sense, but it does throw a wet blanket over the happy holiday Trump is enjoying. The Democratic leadership would love nothing more than to do all of Trump’s work, even if the voters give Trump a major mandate to change policy, it’s over. Bidenomics and towards a new Trumpian era of peace and prosperity.

If you look at the clamor for rising debt, it all comes from the free press and liberal politicians, who don’t advocate austerity. Isn’t it fun? Instead, the ridiculous current debate over short-term government funding and the debt limit, even the minimum demand for Pay-Go that was built into the final 2023 debt deal between then-Speaker McCarthy and President Biden, was thrown out the window. .

There was no money to spend on the insane amount of money in the now defunct CR that went up in flames last night. How much money does it increase? Well, here are a few. $100 billion in disaster relief, which is probably ten times more than it should be. $31 billion in farm subsidies – a lot. The new big waste of ethanol. A full-time donor maximizes food stamps and child care – without work, as always.

Another football game at RFK Stadium in DC. A Congressional pay raise that may be appropriate, but it’s the wrong time and then things that maybe no one knows what they’re doing – like 70 pages of so-called “pandemic planning.”

CR would post all of the J-6 committee records – like Liz Cheney’s original pardon. The good news is that President Trump killed this ongoing resolution.

We believe that he can kill the debt limit and it is also important to know, that Mr. Trump is getting a lot of help from Elon Musk in all these activities.

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In a short span of time, Elon has become a major political force and is a force for good and is supported by his brother DOGE Vivek Ramaswamy, who put a sharp pencil to the 1,500-page CR that was fortunately buried.

Now, I want to see Elon cooperate with President Trump and kill the debt ceiling together and then, Mr. Trump and his team can start a new peace and development “Golden Age”, continue with their plan to cut taxes, dismantle government regulations, seal the border, and “drill , child, drill.” Let’s fatten the bags of working people in blue, not government politicians and government officials and that is the threat.

This article has been adapted from Larry Kudlow’s opening remarks on Dec. 19, 2024, edition of “Kudlow.”