Treasury Secretary Geithner: Lift Debt Limit to Infinity

(CNSNews.com) - Treasury Secretary Timothy Geithner said Friday that Congress should stop placing legal limits on the amount of money the government can borrow and effectively lift the debt limit to infinity.

On Bloomberg TV, “Political Capital” host Al Hunt asked Geithner if he believes “we ought to just  eliminate the debt ceiling.”

“Oh, absolutely,” Geithner said.

“You do?  Will you propose that?” Hunt asked.

“Well, this is something only Congress can solve,” Geithner said. “Congress put it on itself. We've had 100 years of experience with it,  and I think only once--last summer--did people decide to use it to threaten default on the American credit for the first time in history as a tool for political advantage.  And that’s not a tenable strategy.”

To watch the vid and read a bit more: http://cnsnews.com/news/article/treasury-secretary-geithner-lift-de...

[All rational people understand that to ween oneself from a spending addiction one must be given an unlimited budget....In other news: Dogs think ALPO cans should not have lids....]

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