What to make of this?
President Trump and Senate Minority Leader Charles E. Schumer (D-N.Y.) have agreed to pursue a deal that would permanently remove the requirement that Congress repeatedly raise the debt ceiling, three people familiar with the decision said.
Trump and Schumer discussed the idea Wednesday during an Oval Office meeting. The two, along with House Minority Leader Nancy Pelosi (D–Calif.), agreed to work together over the next several months to try to finalize a plan, which would need to be approved by Congress.
On the one hand, I feel that over all, the debt ceiling should not be politicized, we saw Republicans during the Obama era repeatedly threaten the good credit of the US to get policy concessions. On the other hand, our democracy is at grave risk, and this is one of the most powerful tools the Democrats have at their disposal at the moment. With the Republicans divided by tea party extremists, Trumpists, and old-school corporatists, they often lack the votes to pass their own budget measures, and must draft more centrist legislation to win Democratic votes. The result is that although Obama has been replaced by Trump, the spending measures we get might not look terribly different in most aspects. With the debt ceiling gone, that dynamic would be weakened.