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  Topic: Geithner: End debt ceiling,
´sooner the better´
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Geithner: End debt ceiling,
´sooner the better´

CybercastNews Service, by Elizabeth Harrington

Original Article

Posted By:mambo 5, 11/20/2012 7:47:30 AM

Treasury Secretary Timothy Geithner said Friday that Congress should stop placing legal limits on the amount of money the government can borrow and effectively lift the debt limit to infinity. On Bloomberg TV, “Political Capital” host Al Hunt asked Geithner if he believes “we ought to just eliminate the debt ceiling.” “Oh, absolutely,” Geithner said. ... “It would have been time a long time ago to eliminate it. The sooner the better."

Comments:
Interesting....never once heard him answer the debt crisis question this way before the election. Hey...I guess deception is the norm these days.

      


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Reply 1 - Posted by: nina584, 11/20/2012 7:53:11 AM     (No. 9024962)

He wants a blank check!

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Reply 2 - Posted by: revdeppisch316, 11/20/2012 7:57:49 AM     (No. 9024974)

Let us ruin the country at a faster rate..please!

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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: msctex1, 11/20/2012 8:05:14 AM     (No. 9024994)

At some point, if such mind-numbing stupidity is not effectively made illegal among our officials, we are going to fall apart.

They do these things because they know there are no repercussions.

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Reply 4 - Posted by: sinic, 11/20/2012 8:05:46 AM     (No. 9024998)

But..but...but...we MUST still have a lot of money...there´s LOTS of checks still left in the checkbook!!
Talk about a fiscal cliff!

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Reply 5 - Posted by: ziel, 11/20/2012 8:09:10 AM     (No. 9025008)

He suppose to be one of the brightest.
Obama, Rice, Dingy Harry, Durbin-turbin, Polosi, etc, etc.
We are let by a bunch of morons.


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Reply 6 - Posted by: Keekng, 11/20/2012 8:16:59 AM     (No. 9025024)

Timmy was probably picked on as a child and he is trying to get even.

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Reply 7 - Posted by: beca, 11/20/2012 8:21:14 AM     (No. 9025037)

if lil timmie is one of the brightest...keep the dumbest away from me

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Reply 8 - Posted by: Now or Never, 11/20/2012 8:22:21 AM     (No. 9025042)

God help us.

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Reply 9 - Posted by: Anner40, 11/20/2012 8:25:36 AM     (No. 9025048)

We all know he didn´t like paying his taxes...so what should we expect from him...I guess no one pays...ooh la la more freebies....

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Reply 10 - Posted by: O.S. Banker, 11/20/2012 8:27:50 AM     (No. 9025051)

I keep thinking that at some point, Harvard, Yale, et.al. will demand the return of the degrees held by their respective alumni who make such blatantly idiotic remarks. Surely somewhere there is a Board of Regents with a single honest member saying "He said what?"

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Reply 11 - Posted by: Country Boy, 11/20/2012 8:30:22 AM     (No. 9025052)

Meanwhile barrack obama sets America in his crosshairs and silently chants "Allah Akbar"

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Reply 12 - Posted by: The Architect, 11/20/2012 8:35:21 AM     (No. 9025063)

This guy is certifiable!

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Reply 13 - Posted by: Husker Infidel, 11/20/2012 8:45:17 AM     (No. 9025088)

Geithner is a tax cheat.

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Reply 14 - Posted by: runningdoc, 11/20/2012 8:47:08 AM     (No. 9025093)

End the Debt ceiling? End the Republic!
I have a better idea. raise the debt ceiling by 40billion every 60days. Just enough to put off default and keeping next years deficit at 240billion. That is a lot better than 1.2 Trillion. :-)
If you are a thief, you usually tell the bank teller to put ALL the money in your bag!

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Reply 15 - Posted by: stablemoney, 11/20/2012 8:51:38 AM     (No. 9025111)

Geithner, despicable, wants a blank check on spending and money printing. That would leave Congress with no role in the nation´s affairs, but rubber stamping Obama follies.

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Reply 16 - Posted by: Freeloader, 11/20/2012 9:00:47 AM     (No. 9025142)

To his credit, even Democrat Congressman Bobby Rush, from Illinois´s 1st District, foresaw this leftist lunacy from young Timothy and his immediate boss, coming down the tracks over twelve-years ago:

"He went to Harvard and became an ´educated fool.´ We´re not impressed with these folks with eastern elite degrees."

Interview Discussing Obama
THE CHICAGO READER
March 17, 2000

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Reply 17 - Posted by: Pearson365, 11/20/2012 9:02:38 AM     (No. 9025150)

House GOP has to attach a limit to what the Federal Reserve can purchase/hold in Treasury & Agency obligations. Fed is currently largest buyer of federal debt, giving Obama and Dems a credit card without borrowing limits. Don´t need the Chinese, just an accommodative Ben Bernake.

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Reply 18 - Posted by: Ranger Applejack Dawson, 11/20/2012 9:06:45 AM     (No. 9025158)

What??!!

A limit on spending??!! For Washington politicians who don´t have the common sense of a teenage alcoholic?

Don´t all parents give their kids the keys to the car, the liquor locker, and a limitless credit card without asking a single question?

That´s all that little Timmy wants.

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Reply 19 - Posted by: coyote, 11/20/2012 9:17:20 AM     (No. 9025188)

Might as well end the debt ceiling since neither party observes it. Whenever spending approaches the ceiling, both parties play a little political ping pong with it and ultimately agree to raise it. Perhaps more basic financial management might be in order for government programs. But, as former congressman Simpson of the bi-partisan commission said, suggest a little shared responsibility and you get your shorts ripped off.

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Reply 20 - Posted by: lakerman1, 11/20/2012 9:32:30 AM     (No. 9025215)

#4 my ex actually actually used that kind of reasoning.

On a serious note, I hold President George W. Bush in high regard, but he and the republicans didn´t seem to be bothered with spending limits. Both parties share the guilt.

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Reply 21 - Posted by: enemyofthestate, 11/20/2012 9:42:33 AM     (No. 9025245)

How´s that degree in Asian studies working out for you, Timmy? You continue to demonstrate that it did not include Economics 101.

Oh, and, by the way, have you paid your taxes yet?

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Reply 22 - Posted by: Cleanhousein2012, 11/20/2012 10:56:07 AM     (No. 9025485)

The repubs need to simply shut down the government for 3 years.... A CR for military, and CR for SS/Medicare. No other budget allocated or approved.

Lay off their staff and still "work" to keep the EO train less on.

It´s the only way they are going to stop these idiots.

Of course, the pubbies will cave instead.


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Reply 23 - Posted by: dogbreath, 11/20/2012 11:06:46 AM     (No. 9025516)

Our young, romantic voters will put up with this until they cease to. Really, I prefer a dope smoking libertarian over any strident, stomping republican, or wasteful, treasure exhausting democrat. It´s our money, our military and our lives at stake here!

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Reply 24 - Posted by: lylacat, 11/20/2012 12:31:43 PM     (No. 9025731)

Geithner, the tax cheat, is a fool. Until this country goes back to fiscal responsibility, we will be going down the road to ruin. Can any smart person actually believe that we can keep spending at an astonishing rate, then print more dollars to cover the cost, and think it will not collapse the whole system? Geithner is both ignorant and arrogant. We have people living in houses right now for free; they were allowed to buy houses they could not afford. We have a student loan debt in this country bigger than the credit card debt. GM is selling cars to people with no money, no down payment, and since Ally, their financial company is owned 80% by the American taxpayer, we are again continuing the GM bailout. We are giving illegals welfare, food stamps, and government assistance; when is this going to stop?

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