Just watched little Timmy Geithner spew his chatting points all over DNC Dave,it was quite a show!
The theme appeared to be that August 2 truly is a huge deadline for the sake of the country.(all lies)
Geithner is trying to spin the date as a do or die date with the penalty for ignoring it the absolute downgrading of our debt.
Trouble is it does not make sense to downgrade someone's debt that has decided not to borrow more money and dig an even deeper hole.
Why would any creditor down grade the value of debt/the dollar if we suddenly decide to stop borrowing at the rate we have been? Makes no sense at all to me. Creditors/bond holders--US debt buyers,if there are any, are not concerned about whether or not other vendors get payed only the security of their debt!
Here's some other topics of discussion between the little fart and DNC Dave.
Geithner wants a big substantial deal with cuts coming down the line but tax increases immediately. Typical scam artist trying to roll our side once again. The chatting point is that "we are still healing from the great depression" (created by Bush).
We will get substantial savings but have to do it through "shared sacrifice" a huge talking point that has been uttered by every major dem from Dingy Harry to the Dear Leader.It suggests that the rich get all the benefits and the budget is always balanced on the backs of the poor which is just more projection since its always the opposite. They lie so well.
"The Republicans are walking away from the talks not us"--more chatting points. We only walk when they refuse to agree to cuts instead of tax increases, the know it.They collapsed the talks no on else.
Geithner says "we need both sides to compromise"-- what this means is that we(dems) ran up the deficit waaay too high and now we want the Republicans to fix it only with tax increases instead of cutting what we bumped up the past two and half years an increase in spending of over 60%!!Unprecedented!!!
In other words they made the problem and now want us to fix it the way they tell us to.!!
Great deal if you can get someone dumb enough to do it.
More BS. Geithner talks about long term deficits coming down over time which really means tax increases now and budget cuts never.
"We need balance"--tax increases not budget cuts,more pap. More pap,SS demagogue we can't go after the older(they already did in obamacare,don't balance budget on backs of seniors, old old talking point, we won't shift burden to middle class-- more projection,special interest tax cuts for the rich balance budget on back of poor-- class warfare over and over and over.
No talk at all of 14 trillion debt never mentions even once, and then the piece de resistance where Geithner tries to set the debate tempo as a definite deadline of August 2 or a collapse,"downgrade of credit"--truly scare tactics that the DBM can run with, very slick.
Geithner never ever mentions what happens if we simply just slow down writing checks and live within our means slowly add to the debt ceiling only after cutting the budget never in his meme at all.
The rest of the interview was DNC Dave trying to protect the left from upcoming responses from us and more pap about how zero is too hard on himself more bs more Bs.
Bottom line if Boner trades 250 billion in cuts over a year for a debt ceiling rise of 2.5 trillion or anywhere near that then we will have been rolled again.
As for MTP, Geithner....how can anyone trust the word of a Treasury secretary who did not pay his own taxes?
So right there I start off on my total disdain.
And he didn’t let me down. Funny thing...Gerthner went on and on about this and that and nothing, mouthing talking points. He put in two big admin talking points, as is his job. First, Obama avoided a major depression, kept us from the abyss. I got a bridge for sale to anyone who believes this. I mean, come on, it’s something that can’t be proven.
Saddam Hussein was a really bad guy and an argument could effectively be made that now that he’s gone the world’s a safer place. Well I’d buy that argument.
You can believe that those who buy the Obama saved the world from the abyss don’t believe that Saddam would have had a good shot at destroying that same world so it’s all politics and political posturing in the end. It’s not like either scenario can be proven but hey, it can be said over and over and over and hey, if you say it enough, it becomes true, as is the liberal rule.
I don’t hear the pubs out defending Bush for ridding the world of Saddam is what I’m saying here so we know who will win the battle of saying it over and over.
Second, Gerthner, after all the hoo-hah of his wods, threw in, quickly so fast one might have missed, although my husband from the peanut gallery caught it...I paraphrase..”Obama also took over with the country coming off from a downfall”...
Husband yells out from other room...”IN OTHER WORDS IT’S ALL BUSH’S FAULT”.
Heh.
I did the ding,ding,ding and told him he won the big prize of the day.
Cause if you say it over and over and over and over...it becomes true.
The liberal rule.
Gerthner warned of new catastrophic damage. Someday this admin will reach crying wolf status but they do say it over and over and over again, don’t they?