Source: The American Prospect
by David Dayen
“We’ve gotten a preview of the next four years in the space of a few hours on Wednesday. Elon Musk provided the shock troops to topple an end-of-year spending deal, and Donald Trump provided the final blow. To say the commotion was based on rumor and myth would be an insult to rumor and myth; even now, Trump is calling for a ‘clean’ funding bill while keeping the $100 billion in disaster funding and $30 billion for farmers, which comprises virtually all of the additions from a monetary standpoint. But Trump also added an entirely new demand: take the debt limit off the table, rather than forcing him to deal with it next year. And he doesn’t just want the debt limit raised; he explicitly wants it eliminated.” (12/19/24)