[freeangel]

SShhhh—msm is praying THIS story goes nowhere.

[hattend]

...and that he had to dip into federal pensions to meet the country’s obligations

1. Is there a law that gives him this authority?
2. How much do you want to bet that Congressional pensions are safe and secure?

[Heuristic Hiker]

More Obamanation big mistakes. This doofus gets more swings (unaccountable) at the ball than a little leaguer playing tee ball.

[BealNoortz]

Obama does not intend to follow the law. Geithner will sell the bonds in violation of the law, and the mainstream press will give him a pass and show their outrage against those who actually want to follow the law.

[Let_It_Be_So]

..The only reason the U.S. would ever default on its debt or miss a Social Security check would be because Geithner chose to fund other priorities instead....

 

Exactly.

[sickoflibs]

RE :”When Democrats decided to pass on raising the nation’s $14.29 trillion debt limit during the 111th Congress’ lame duck session this December, the game plan for the 112th Congress was simple: scare “responsible” Republicans into voting to raise the debt limit, just as they were scared into voting for TARP. This would both negate charges that Democrats were the only party raising the country’s debt, and drive a wedge between Republican leaders in Congress and their tea party base. At first, everything seemed to go according to plan. Geithner sent a scary letter to Congress warning of a financial crisis worse than 2008 if the debt limit was not raised before March 31. Republican congressional leaders even acknowledged that the debt limit had to be raised. But the White House then made two mistakes: It believed its own news releases and underestimated the lessons of TARP....The other big mistake the Obama administration made was to forget how much skepticism TARP created in Congress about claims that the sky is falling. A number of incumbent senators (such as Utah Republican Bob Bennett) were forcibly retired by voters because they acted unquestioningly on such fears. ...Obama’s resulting bargaining position is quite weak. If he wants to raise the debt ceiling, he has only two alternatives — sign off on severe Republican spending cuts or on severe spending cuts by Geithner. “

Yep, over at MSNBC the progressives kept repeating how the crossing the debt limit would bring on a great depression and that Republicans would get the blame for it, much like the 1994 shutdown. A number were predicting the the liberals(progressives) in congress could themselves hold out for concessions, that Boehner would have to look for Democrats to vote to pass the extension so he wouldnt get the blame for it.

[kidd]

Geithner claimed failure to raise the debt limit would force the Treasury Department “to default on legal obligations of the United States” causing “long-term negative impact on U.S. creditworthiness.”

This was promptly proven wrong when S&P changed the US credit rating outlook to "negative" precisely because it felt that US debt was out of control.

[IamConservative]

Boehner’s strategy should be to make the Dems go first and own the debt issue.

Let’s all hope Boehner is savvy enough to sit on his hands; he has been so far.

[denydenydeny]

Democrats being forced to make major cuts in spending is like vampires being dragged into the sunlight.