U.S. Secretary of Treasury Timothy Geithner talks at
The Wall Street Journal CFO Network in Washington
Posted on 06/29/2011 10:05:31 AM PDT by NormsRevenge
Treasury Secretary Timothy Geithner is strongly criticizing a Republican proposal that would prioritize interest payments on the nation's debt and cut spending rather than raise the borrowing limit.
Geithner says in a letter addressed to Sen. Jim DeMint, a South Carolina Republican, that the idea is "a radical and deeply irresponsible departure" from previous practices by presidents of both parties. The letter was copied to 16 other Senate Republicans, including Majority Leader Mitch McConnell.
(Excerpt) Read more at sfgate.com ...
Yeah, and I think getting an over-draft from the bank is also “Irresponsible”. ...’Irresponsible’ on behalf of the fool who has spent more money than he had to begin with.
How can anyone listen to a Sec of the Treasury who is a tax cheat and not even imaginative enough than to blame it on his software? STFU Timmy “Turbo Tax”!
I’d hate to tell him what we Conservatives think of the Comacrat’s debt plan! Here’s what has been going on behind our backs, people:
http://www.youtube.com/watch?v=xOAgT8L_BqQ
More and more I see default as inevitable and probably a good thing. These people cannot be given this much power. They are fools. It’s time we pull the rug out from under them.
Oh, but government can steal the wealth, er, "print money" instead.
Yeah, because both parties running up a 14 trillion debt and over 100 trillion in unfunded liabilities is moderate and responsible.
U.S. Secretary of Treasury Timothy Geithner talks at
The Wall Street Journal CFO Network in Washington
Coming from an established tax-cheat, that is heading our IRS, and a “brilliant” man who could not even figure out TurboTax, I call BS!
“Irresponsible” is continuing to purposely manipulate our currency and making moronic idiot doomsday and end of the world demands and threats over not raising the national debt. In fact Geithner-Idiot, the epitome of “irresponsibility” is continuing to borrow money that we cannot pay back or spend money that we DO NOT HAVE!! =.=
Is not Geithner a tax dodger? Why would anyone with common sense criticize responsible fiscal management? How can we keep on bailing out other countries and states, funding "Arab spring," illegal wars, and claim to be irresponsible anyone who questions excessive spending?
Why are we borrowing from China and giving the money to other foreign countries? Just when do you stop raising the borrowing limit? This administration will continue to tax, spend, borrow, and print money until the economy collapses! Then they will blame it on the Republicans!
Yet printing up $2.6 trillion in new money is not irresponsible. Neither is looting the pension funds of Federal workers. Lying Timmy is about to get a rude awakening. He will soon find out that without Bernanke's help, he will not even come close to raising $1.5 trillion in borrowed funds to continue his reckless spending. Even if Geithner gets his wish and the debt ceiling is raised, it doesn't mean that China, the Saudis, etc. will actually purchase T-bills. I see double-digit interest rates in America's future beginning with the new fiscal year.
“Is not Geithner a tax dodger?”
Not just a tax dodger...he was paid a stipend to pay his taxes with so I guess that also makes him a fraud.
Wise up. China is no longer lending us any money, and hasn't been for quite a while now. Two years of Obama has been funded by the printing presses at the Federal Reserve.
What’s irresponsible is deliberately stealing from taxpayers by not paying your own taxes, then lecturing the same people that you stole from that they need to pay more.
Timmy Geithner thinks anything that doesn’t put more fed money into the hands of his buddies irresponsible. Based on past performance, reason says to do the opposite of what Timmy says.
The "radical departure" is real enough, I agree. It is also a historical fact, not speculation, that those "previous practices" have destroyed our economy, reduced our society to destitution, broken the spirit of the working American taxpayer, emboldened the growing hostility and criminality of the "entitlement" culture, and grown a monster government which truly believes that "employment" is the end in itself, without the bother of actually producing anything of value, but burning up the wealth of American society in the search for the "Socialist Utopia," which never was and never will be.
And what is the proposal?
Restoring the destructive policies "of presidents of both parties." The mendatiousness of the current regime and its accompanying Alice-in-Wonderland bureaucracy is breathtaking.
What's that definition of insanity again?
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