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Treasury Secretary Geithner: Lift Debt Limit to Infinity
CNS News ^ | 11/19/12 | Elizabeth Harrington

Posted on 11/19/2012 8:41:48 AM PST by Nachum

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To: I want the USA back

I agree! However having the ceiling keeps it in the news when it is reached.


41 posted on 11/19/2012 11:04:38 AM PST by bbernard
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To: mass55th

You're mocking me, aren't you?

42 posted on 11/19/2012 11:14:26 AM PST by McGruff (No New RINOs!)
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To: Nachum

good, thanks. you gotta remember to put that in your account next time. kinda important. :-)


43 posted on 11/19/2012 11:30:15 AM PST by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: Nachum

hmm..infinity...about matches the world’s “investment banking” derivative exposure at this point...WHY NOT? /s


44 posted on 11/19/2012 11:34:16 AM PST by mo (If you understand, no explanation is needed. If you don't understand, no explanation is possible.)
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To: Skepolitic

“...overturning the existing basis of society than to debauch the currency”

Thats what the Federal Reserve is about....


45 posted on 11/19/2012 12:39:04 PM PST by mo (If you understand, no explanation is needed. If you don't understand, no explanation is possible.)
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To: sf4dubya
This guy is either a complete moron or the most corrupt bastard on the planet.

What is the basis for your assumption, "...either...or..."?
Isn't "...and.." most likely?

46 posted on 11/19/2012 12:49:31 PM PST by Nevermore (...just a typical cracker, clinging to my Constitutional rights...)
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To: Nachum

I’d like to ask him “Is there any level of debt the Federal government should not exceed?”.


47 posted on 11/19/2012 4:25:13 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: Tenacious 1

Then trying to explain the Weimar Republic in Germany after WWI would be useless.


48 posted on 11/19/2012 4:28:38 PM PST by Fledermaus (The Republic is Dead: Collapse the system. Let the Dems destroy the economy!)
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To: mass55th

Treasury Secretary Timothy Geithner, speaking on behalf of the Obama White House, to Rep. Paul Ryan: “You are right to say we’re not coming before you today to say ‘we have a definitive solution to that long term problem.’ What we do know is, we don’t like yours.”

Guy sums this up well:

Those two sentences speak to a mentality so bereft of intellectual vigor, so stunningly and candidly shallow, so thoroughly irresponsible, so politically myopic, selfish, and cowardly, that it should disqualify this crew from a second term in office. What a disgrace. Remember this moment the next time Democrats accuse the GOP of being the “do nothing,” intransigent, “party of no.”

In fact, it’s about as perfect a representation of Obama’s economic policy as we’ll see. The budget is full of short-term gimmicks to make it appear that the White House wants to close deficits, but it relies on tax increases and phony savings from projected war spending that wasn’t going to occur anyway to make the claim. They do nothing at all about the structural problems of America’s long term economic issues (especially debt and unfunded liabilities from entitlement programs), but instead focus narrowly on relatively short-term outcomes to disguise the fact that they cannot and/or will not fix the long-term problems. And as Geithner says in this response, while they won’t or can’t provide leadership, they will be happy to torpedo those who can and will http://hotair.com/archives/2012/02/17/geithner-yeah-we-dont-have-a-solution-to-the-debt-problem/


49 posted on 11/19/2012 7:51:16 PM PST by TurboZamboni (Looting the future to bribe the present)
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