$TRUMP : I am very glad to announce that after so many years I agree with Senator Elizabeth Warren on one issue. To prevent economic catastrophe, the debt ceiling must be completely abolished. <с>

The U.S. debt ceiling is a limit set by Congress on the amount of money the government can borrow to pay for already approved expenditures.

What’s the difficulty:

• The U.S. spends more than it earns and regularly borrows money through the issuance of bonds.

• Once the debt approaches the limit, the Treasury cannot borrow, even to pay pensions, salaries, military contracts, etc.

What’s the problem:

• If the limit is not raised in time → there is a risk of technical default.

• This undermines confidence in American bonds (a key asset in the global economy).

• Consequences: market volatility, rising rates, increased cost of debt, panic among investors.

Simply put:

The U.S. sets its own "debt ceiling" but continues to spend.

And then they create a political circus: to raise the limit or not.

If not raised — crisis. If raised — then it was all in vain.

Well, I also somewhat agree with Trump here - sound idea!