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Geithner: Obama inherited worst fiscal mess ever
googlenews/ap ^
| 3-3-09
| STEPHEN OHLEMACHER
Posted on 03/03/2009 10:40:16 AM PST by rightinthemiddle
WASHINGTON (AP) — President Barack Obama's Treasury secretary says the administration has inherited "the worst fiscal situation in American history."
Treasury Secretary Timothy Geithner told the House Ways and Means Committee Tuesday that Obama entered office facing a $1.3 trillion deficit — about 10 percent of the nation's economic output. Republicans have complained that Obama's budget proposal would balloon the deficit even higher, to $1.75 trillion.
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TOPICS: Business/Economy; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: bds; bho2009; bho44; cheats; democrats; democratscongress; liars; obamanomics; pravdamedia; socialists; soldusout; sorocrats; taxcheatparty; trilliondollarwhore; wimps
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It's not our fault. Really.
To: rightinthemiddle
So tell us again, Mr. Tax Cheat Secretary, how massively increasing spending is a viable way to address that massive deficit.
2
posted on
03/03/2009 10:41:39 AM PST
by
dirtboy
To: rightinthemiddle
3
posted on
03/03/2009 10:41:48 AM PST
by
Doogle
(USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
To: rightinthemiddle
Obama quadrupled the deficit in a month. Just days after saying he was going to cut it in half. Thats progress I guess.
4
posted on
03/03/2009 10:41:50 AM PST
by
GeronL
(Will bankrupting America lead to socialism?)
To: rightinthemiddle
5
posted on
03/03/2009 10:42:06 AM PST
by
Mad_Tom_Rackham
(The inmates are now officially running the asylum.)
To: rightinthemiddle; ExTexasRedhead
Excuse me didn’t he work for the FRB in the New York district??
What an asshat!!!!
6
posted on
03/03/2009 10:42:09 AM PST
by
Perdogg
(Only the hypnotized never lie)
To: rightinthemiddle
IIRC, the deficit present in the last GOP-crafted budget was something like $160 billion, right? If so, the Geithner is lying through his teeth.
7
posted on
03/03/2009 10:42:28 AM PST
by
Titus Quinctius Cincinnatus
(RINOs and conservatives who won't unite to fight for the Right - two sides of the same coin)
To: rightinthemiddle
8
posted on
03/03/2009 10:42:57 AM PST
by
b4its2late
(Ignorance allows liberalism to prosper.)
To: rightinthemiddle
They need to maka a song out of this crap. From the AP yesterday:
‘Obama’s top hands assigned responsibility to their predecessors and President George W. Bush. Blaming Bush-era proposals for deficits, Obama wanted to set up his own budget that would start Oct. 1, which he proposed last week with a bold goal of cutting the deficit by half within his four-year term.
“First, this is a $1.7 trillion deficit he inherited. Let’s be clear about that. We inherited this deficit and we inherited $4 trillion of new debt,” Emanuel said. “That is the facts.”’
9
posted on
03/03/2009 10:42:57 AM PST
by
rightinthemiddle
(Without the Mainstream Media, the Left is Nothing.)
To: rightinthemiddle
Geithner: Obama ‘created’ worst fiscal mess ever
10
posted on
03/03/2009 10:42:59 AM PST
by
Gaffer
To: rightinthemiddle
So instead of slashing the federal budget lets spend even more, borrow more, and pass 8,000 plus earmarks.
Good plan Timmy.
To: rightinthemiddle
.... told the House Ways and Means Committee Tuesday that Obama entered office facing a $1.3 trillion deficit So the Dems were forced to increase the deficit to $1.75 trillion in response.
12
posted on
03/03/2009 10:43:09 AM PST
by
Mr. Mojo
To: rightinthemiddle
Geithner: Obama inherited worst fiscal mess ever....every morning he wakes up it's worse than the day before.....
13
posted on
03/03/2009 10:43:16 AM PST
by
TexasNative2000
(Obamamania - not terminal, but, sadly, it does have to run its four-year course.)
To: rightinthemiddle
... and the contents of the first envelope said “Blame your predecessor!”
14
posted on
03/03/2009 10:43:21 AM PST
by
pnh102
(Save America - Ban Ethanol Now!)
To: Titus Quinctius Cincinnatus
15
posted on
03/03/2009 10:43:23 AM PST
by
Free America52
(I just want it to be the way it always has been.)
To: Doogle
..can’t wait for the new bills to come out
16
posted on
03/03/2009 10:43:26 AM PST
by
Doogle
(USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
To: rightinthemiddle
President Barack Obama's Treasury secretary says the administration has inherited "the worst fiscal situation in American history."A "fiscal mess" that Obama, Geithner, and their treasonous cohorts in both houses of Congress promptly made even worse.
17
posted on
03/03/2009 10:43:30 AM PST
by
rabscuttle385
("If this be treason, then make the most of it!" —Patrick Henry)
To: rightinthemiddle
But we will make it much worse just watch.
18
posted on
03/03/2009 10:43:46 AM PST
by
boomop1
To: rightinthemiddle
BLAME BUSH!
BLAME BUSH!
BLAME BUSH!
sorry Timmy, but Obama owns this one lock, stock, and barrel.
19
posted on
03/03/2009 10:43:49 AM PST
by
txnativegop
(God Bless America! (NRA-Endowment))
To: rightinthemiddle
STOP FISCAL STORMING!!!
Cap emissions from the Treasury.
20
posted on
03/03/2009 10:43:53 AM PST
by
syriacus
( STOP FISCAL STORMING!!! Cap green emissions from the Treasury.)
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