Geithner, You Ignorant Slut
This guy doesn't know when to quit:
NEW YORK (AP) -- Treasury Secretary Timothy Geithner said Tuesday that if Republicans insist on passage of their budget plan as a condition for approving an increase in the nation's borrowing limit, they will be responsible for the consequences.
Speaking to a New York audience, Geithner said that Republicans would bear responsibility for the first debt default in the nation's history if they insist they will not vote for an increase in the $14.3 trillion borrowing limit unless they win approval of a House Republican budget plan.
Your administration has known full-well what the debt limit has been for a very long time. So has CONgress. Both bodies were well aware that raising the limit is discretionary.
You seem to believe that playing the "Armageddon" card is something that can be done with impunity, mostly because your predecessor Hanky-Panky Paulson did so and Bernanke was a party to that.
The fact of the matter is that you seem to think that there's no limit to the nation's credit card. You're wrong.
Yes, I know, the bond market hasn't cared (yet) about all this idiocy. Then again it didn't care over in Greece either, right up until it did. Same with Iceland, Ireland and Portugal.
In fact, it seems to work the same way with most personal bankruptcies too. People think they can push things a bit further, a bit more, they get another credit card, they play the balance-transfer rollover game, they feel the pressure and make some sort of maneuver and then breathe easier.
All this works for a little while, right up until it doesn't in dramatic fashion. And then, once again, we hear "nobody could have seen it coming."
Continue reading:
Comment
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
"Less so true to maddeningly true! "
I Wanted To See If John Lear was Right about the Moon being Inhabited & it brought me to finding all
Join this channel to get access to perks:https://www.youtube.com/channel/UCwXFxXgYPh0edZ9zWi-331A/joinMY RUMBLE channel.. SUBSCRIBE NOW..https://rumble.com/u...
COVID whistleblowers exposing the experimental mRNA vaccine as part of the globalist depopulation agenda
https://api-assets.infowars.com/2023/06/Hero2.jpeg" style="width: 800px; max-width: 100%; height:…See More
This Is Their ''CHRIST'' They Desperately Wait For! MUST SEE! (2024)
If you want to support my work please visit my Etsy store, thank you:👉🔴My Etsy Shop (STFengraves): https://www.etsy.com/shop/STFengraves?ref=l2-about-shopn...
G4/G5 Geomagnetic Storm has Started! How will Earth's Magnetic Field Hold?
✅ Subscribe to my channel: @StefanBurns 🙏🥇 Become a special member and enjoy access to the Sól Tribe private Telegram channel, ad-free pre-release video...
Pregnancy a Dicease?
The traditional family unit is a solid foundation of a healthy society. It is the primary place…See More
Why The Best Spies in Mossad And The CIA Are Women
Maseena Ziegler…See More
The Globalist One World Currency Will Look A Lot Like Bitcoin
Thursday, 27 July 2017 01:21 Brandon Smith"...Bitcoin arrives seemingly from nowhere, conjured by a…See More
Soda Consumption During Hard Work in Hot Weather May Damage Your Kidneys
Story at-a-glanceRecent research demonstrates the acute deleterious effects soda can have on your…See More
"The Hadith, a collection of the wise words of the prophet Muhammmmmmad says.
Sunan Abu…"
© 2024 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network