Treasury Secretary Geithner: Lift Debt Limit to Infinity. Agree?
(CNSNews.com) - 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.
Oh well..why not....we don't have a snowball's chance in hell paying back what we already owe......
How many of you moms would like a credit card with no credit limit....and a due date so far in the future you know you will never have to pay it?
Looks like we need a new Treasury Secretary. Geiger is an IDIOT.
I don't like the sound of that.
He IS leaving and will be replaced as Treasury Secretary, though, in early 2013.
Wouldn't that be like giving a compulsive shopper a limitless credit card?
Why is he even saying this? To be honest, I don't fully understand the intricacies of economic theory, but really. I can't think of any reason, not one, why this would be any sort of a good idea.
Sometimes I think crap like this is spoken to get the "pulse"/reaction from the general public to see how far politicians can push an agenda.
Quoting krysstizzle:Why is he even saying this? To be honest, I don't fully understand the intricacies of economic theory, but really. I can't think of any reason, not one, why this would be any sort of a good idea.
That sounds totally plausible to me, and I don't doubt it.
But this? Seriously? It's just...wow.
Quoting jcrew6:Sometimes I think crap like this is spoken to get the "pulse"/reaction from the general public to see how far politicians can push an agenda.
Quoting krysstizzle:Why is he even saying this? To be honest, I don't fully understand the intricacies of economic theory, but really. I can't think of any reason, not one, why this would be any sort of a good idea.
Vocal anti gay marriage, award winning far right historian kills himself inside Notre-Dame Cathedral
- jcrew6
on Nov. 19, 2012 at 8:01 PM