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Geithner calls GOP debt limit plan 'irresponsible'
SFGate.com ^ | 6/29/11 | AP

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 ...


TOPICS: Business/Economy; Crime/Corruption; Front Page News; Government; Politics/Elections
KEYWORDS: debtlimit; geithner; gop; irresponsible; notaxes4dnc; notaxes4geithner; notaxes4kerry; notaxes4rangel
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Yeah, you just lay that gauntlet down there , Timmy.
1 posted on 06/29/2011 10:05:34 AM PDT by NormsRevenge
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To: NormsRevenge
Geithner calls GOP debt limit plan 'irresponsible'

Coming from Timmy, that's a high compliment.
2 posted on 06/29/2011 10:07:51 AM PDT by Renderofveils (My loathings are simple: stupidity, oppression, crime, cruelty, soft music. - Nabokov)
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To: NormsRevenge

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.


3 posted on 06/29/2011 10:08:16 AM PDT by Hodar (Who needs laws .... when this "feels" so right?)
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To: NormsRevenge

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”!


4 posted on 06/29/2011 10:10:14 AM PDT by The Sons of Liberty (Psalm 109:8 Let his days be few and let another take his office. - Mene, Mene, Tekel, Upharsin)
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To: NormsRevenge

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


5 posted on 06/29/2011 10:10:42 AM PDT by Paperdoll (NO MORE BUSHS!)
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To: NormsRevenge

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.


6 posted on 06/29/2011 10:11:34 AM PDT by ClearCase_guy (The USSR spent itself into bankruptcy and collapsed -- and aren't we on the same path now?)
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To: NormsRevenge
I guess Timmy thinks running up the credit card debt until one is bankrupt is the "responsible" way to go.

Oh, but government can steal the wealth, er, "print money" instead.

7 posted on 06/29/2011 10:12:21 AM PDT by Carry_Okie (GunWalker: Arming "a civilian national security force that's just as powerful, just as well funded")
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To: NormsRevenge
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.

Yeah, because both parties running up a 14 trillion debt and over 100 trillion in unfunded liabilities is moderate and responsible.

8 posted on 06/29/2011 10:13:34 AM PDT by Hugin ("A man'll usually tell you his bad intentions if you listen and let yourself hear it"--- Open Range)
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U.S. Secretary of Treasury Timothy Geithner talks at
The Wall Street Journal CFO Network in Washington


9 posted on 06/29/2011 10:13:34 AM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: NormsRevenge
This just proves that the debt ceiling isn't about the US defaulting, it's about giving Obama mo spending money.
10 posted on 06/29/2011 10:14:16 AM PDT by tobyhill (Real Spending Cuts Don't Require Increasing The Debt)
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To: NormsRevenge

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!! =.=


11 posted on 06/29/2011 10:16:39 AM PDT by cranked
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To: 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.

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!

12 posted on 06/29/2011 10:19:24 AM PDT by olezip
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To: NormsRevenge

13 posted on 06/29/2011 10:28:43 AM PDT by Eddie01
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To: NormsRevenge
Geithner calls GOP debt limit plan 'irresponsible'

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.

14 posted on 06/29/2011 10:30:01 AM PDT by Hoodat (Yet in all these things we are more than conquerors through Him who loved us. - (Rom 8:37))
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To: olezip

“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.


15 posted on 06/29/2011 10:30:04 AM PDT by Mouton (Voting is an opiate of the electorate. Nothing changes no matter who wins..)
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To: NormsRevenge
Little Timmy - you and your boss the messiah are the IRRESPONSIBLE ones in this game of chicken. Figure out how to pay your debts - don't come to the taxpayers for more of our money. SOLUTION TO THIS PROBLEM - ELIMATE EVERY RAT AND EVERY RINO IN NOV 2012.
16 posted on 06/29/2011 10:30:46 AM PDT by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: olezip
Why are we borrowing from China and giving the money to other foreign countries?

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.

17 posted on 06/29/2011 10:32:24 AM PDT by Hoodat (Yet in all these things we are more than conquerors through Him who loved us. - (Rom 8:37))
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To: NormsRevenge

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.


18 posted on 06/29/2011 10:32:59 AM PDT by Tex Pete (Obama for Change: from our pockets, our piggy banks, and our couch cushions!)
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To: NormsRevenge

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.


19 posted on 06/29/2011 10:42:20 AM PDT by pallis
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To: NormsRevenge
...the idea is "a radical and deeply irresponsible departure" from previous practices by presidents of both parties.

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?

20 posted on 06/29/2011 10:43:34 AM PDT by Publius6961 (you don't need a president-for-life if you've got a bureaucracy-for-life.)
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