4/26/2011

Geithner continues to claim that Debt-ceiling debate is 'ridiculous'

The irresponsible claims are by Geithner. If you can cover more than 60 percent of spending (it is actually more this time of year) and the Obama administration will spend the money on the most important items, there will be no default and most people will get the money that they have come to depend on.

Treasury Secretary Timothy Geithner on Tuesday slammed the debate over raising the debt ceiling as “ridiculous” and said it is “irresponsible” for policymakers to leave the impression that the U.S. might not pay its bills.

Geithner also said he was confident that lawmakers would increase the debt limit, but stressed that he would like to see that happen sooner rather than later.

The Treasury secretary said the tussle over the borrowing limit "is a ridiculous debate to have."

"I mean, the idea that the United States would take the risk — people would start to believe we won't pay our bills — is a ridiculous proposition, irresponsible, completely unacceptable basic risk for us to take," Geithner said. . . .

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3 Comments:

Blogger Harry Schell said...

moTurbo Tim doesn't like the idea floating around that the US might not pay its bills.

Given that the Chinese Central Bank is already talking about reducing its holdings by 2/3, PIMCO has dumped US debt from its holdings and S+P and the IMF take a dim view of the spending and money printing...that horse is out of the barn, sir.

Now, what are you going to do about restoring some credibility, sir?

4/26/2011 7:35 PM  
Blogger Martin G. Schalz said...

Since when is debate over an issue ridiculous? Perhaps Mr. Geithner forgets we live in a democratic society? Or that he wishes that we did not...

4/27/2011 10:07 AM  
OpenID valentsgrif said...

Democrats flying this crippled plane straight into the ground. PULL UP, dammit!

4/27/2011 3:40 PM  

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