Posted by Trump last night to Truth Social:
The extension of the Debt Ceiling by a previous Speaker of the House, a good man and a friend of mine, from this past September of the Biden Administration, to June of the Trump Administration, will go down as one of the dumbest political decisions made in years.
There was no reason to do it – NOTHING WAS GAINED, and we got nothing for it – A major reason why that Speakership was lost. It was Biden’s problem, not ours. Now it becomes ours.
I call it “1929” because the Democrats don’t care what our Country may be forced into. In fact, they would prefer “Depression” as long as it hurt the Republican Party.
The Democrats must be forced to take a vote on this treacherous issue NOW, during the Biden Administration, and not in June. They should be blamed for this potential disaster, not the Republicans!
The House last raised the debt ceiling in May 2023.
JUST IN | 🚨 President-elect Trump demands debt ceiling vote before inauguration on January 20. pic.twitter.com/5WmPmzgRSG
— The Election Post (@TheElectionPost) December 30, 2024