Trump Wants Debt Limit ‘Scrapped’ to Protect America From ‘Economic Catastrophe’
President Donald Trump shared on Wednesday that he wants the debt limit “scrapped,” which Sen. Elizabeth Warren (D-MA) has also called for.
Trump issued a statement on Truth Social Wednesday afternoon.
Trump shared an image of a post on X that Warren put out Friday, in which she advocated for legislation to do away with the debt ceiling. . .
.@realDonaldTrump and I agree: the debt limit should be scrapped to prevent an economic catastrophe.
Let's pass a bipartisan bill and get rid of it forever.
But jacking up the debt limit by $4 trillion to fund more tax breaks for billionaires is an outrage. pic.twitter.com/tMRdSsY5St
— Elizabeth Warren (@SenWarren) May 30, 2025
“But Elizabeth Warren….her whole career, she wanted to see it terminated, gotten rid of, not being voted on every five years or ten years, and the reason was because it’s so catastrophic for our country. And I always agreed with her,” Trump said.
“She happened to be right on that it should be gotten rid of, or it should simply be extended,” Trump added. “But that’s one of the things that gets taken care of in this bill–that automatically gets extended for a four-year period, and it should be.” (Read more from “Trump Wants Debt Limit ‘Scrapped’ to Protect America From ‘Economic Catastrophe’” HERE)
Photo credit: Gage Skidmore via Flickr










