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Geithner To Ryan On Debt: We Don't "Have A Definitive Solution To Our Long-Term Problem"
Real Clear Politics ^ | Feburary 17, 2012

Posted on 02/18/2012 4:24:09 AM PST by yoe

House Budget Committee Chairman Paul Ryan and Treasury Secretary Tim Geithner spar over debt. Transcript below:

Video............

(Excerpt) Read more at realclearpolitics.com ...


TOPICS: Crime/Corruption; Extended News; Government
KEYWORDS:

1 posted on 02/18/2012 4:24:15 AM PST by yoe
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To: yoe

Translation: “We’re friggin’ winging it!”


2 posted on 02/18/2012 4:39:55 AM PST by exit82 (Democrats are the enemies of freedom. We have ideas-the Dems only have ideology.)
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To: yoe
They have no idea what they are doing.
Who is they? The entire ZERO administration.
How any rational person can support them is beyond my intelligence,
3 posted on 02/18/2012 4:42:59 AM PST by DeaconRed (Cold War Veteran. . . . US Army Security Agency 1964-1968)
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To: yoe

Here’s an idea: hang ‘em all and start over.


4 posted on 02/18/2012 4:46:19 AM PST by the invisib1e hand (religion + guns = liberty)
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To: Voter#537
How any rational person can support them is beyond my intelligence,

The key word being "rational", answers the question.Half the folks in this nation are sorely lacking sufficient brain cells.

5 posted on 02/18/2012 4:52:33 AM PST by exit82 (Democrats are the enemies of freedom. We have ideas-the Dems only have ideology.)
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To: yoe

Try capitalism.

It will work if tried.


6 posted on 02/18/2012 5:00:03 AM PST by Flintlock (Photo ID for ALL VOTING. Let our dead rest in peace.)
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To: Voter#537

They just cannot be honest about what they are doing. The truth won’t win them much with normal people.


7 posted on 02/18/2012 5:10:10 AM PST by jospehm20
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To: yoe

To give him credit, John Maynard Keynes did have a solution for the long term consequences of his policies...

He said he’d be dead by then. And. He is.

Problem solved.


8 posted on 02/18/2012 6:08:54 AM PST by ziravan (Are you better off now than you were $9.4 Trillion dollars ago?)
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To: yoe

Clearly the solution is sending more of our industrial base to China.

/s


9 posted on 02/18/2012 6:11:17 AM PST by Cringing Negativism Network ("The door is open" PALIN 2012)
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To: Voter#537
"They have no idea what they are doing."

Beg to differ.

They know exactly what they're doing. They just need another four years to finish the piece.

10 posted on 02/18/2012 6:29:13 AM PST by Flotsam_Jetsome (If not you, who? If not now, when?)
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To: yoe
This is a total lie, and they know it. People, you have GOT to stop thinking they are just stupid, or winging it, or whatever.

The solution is extremely simple, and the Republican controlled House of Representatives could do it RIGHT NOW, all by themselves, without approval from either the Senate or Obama.

All they have to do is stop raising the debt ceiling and we have an instant balanced budget. Then say, "Ok, these are our revenues, this is all we can spend."

In 2011, the government took in $2.5 trillion in direct revenue. So let's use that as what we have to base a budget on. Fine, so now send someone out back to pull the budget from 2005, which was a $2.4 trillion budget. Now we've got a $100 billion surplus with which to pay down some of the existing debt.

Problem solved. It's that simple: only spend what you make.

11 posted on 02/18/2012 6:33:10 AM PST by Zeddicus
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To: yoe
DANGERTHUGS2
12 posted on 02/18/2012 6:52:14 AM PST by Wings-n-Wind (The main things are the plain things!)
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