Developing: Pakistani Plane Escorted by UK Fighter Jets — 2 Men Arrested

Listen to the Buck Sexton Show Live on TheBlaze Radio

Government

Let’s just get rid of that debt limit, says… Tim Geithner?

Nov. 19, 2012 4:20pm Meredith Jessup

Yep, the United States’ Treasury Secretary says there should be no limit on America’s incurred debt. Oy:

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.”

Ha, who are you kidding? Of course you’re not going to propose that — the Obama administration may be seriously incompetent, but even they know the American people would never support giving Congress a credit card with no limit.

Benghazi, IRS, AP...What's next? Only TheBlaze TV offers the truth from Glenn Beck, Andrew Wilkow, and Real News from TheBlaze. Get instant access and a free trial here.

Back to The Blaze »

Comments (12)

taintso
Posted on November 21, 2012 at 9:31am
Yes we are owned by the Company Store, The United States oF America INC.

Report this comment
taintso
Posted on November 20, 2012 at 2:41pm
Why not just get rid of the FED and the 14th and get back to our constitution?

Report this comment
CulperGang
Posted on November 20, 2012 at 10:29am
Let’s just lock Geithner up for blatant VIOLATION of the oath of his office and RECKLESS ENDGANGERMENT OF THE AMERICAN PUBLIC as his “policy” is putting peoples lives at risk due to the domino effect of the reckless policy, that can and does lead to homelessness, depression, lack of funds for BARE necessities for survival in this culture. Lock him up and put him in a psych ward he is a dangerous psychopath.

Report this comment
yazoo
Posted on November 20, 2012 at 9:12am
Better idea, why not get rid of Geithner. Heck, why not get rid of crime by getting rid of laws, just make everything legal?

Report this comment
christianUSA
Posted on November 20, 2012 at 3:36am
Opinion unlimited currency theft oh sorry printing control, to go with unlimited power to tax; so how about unlimited socialism they come and tax all trillions of off shore accounts with the supervision of the military; since you all and your fedresv and bankers push that way to share in time of national need it would only seem fair.

Report this comment
christianUSA
Posted on November 20, 2012 at 3:32am
Opinion unlimited currency theft oh sorry control, to go with unlimited power to tax; so how about unlimited socialism for banks, govnm come and tax all trillions of off shore accounts with the supervision of the military; since you all and your fedresv and bankers push that way to share in time of national need it would only seem fair.

Report this comment
65Mustang
Posted on November 19, 2012 at 9:15pm
Well, if there is anyone that doesn’t want to pay their debts, it’s old tax-cheat Geither

Report this comment
bonesiii
Posted on November 19, 2012 at 6:03pm
How about we just eliminate the debt itself, Timmy?

Report this comment
LarryofArabia
Posted on November 19, 2012 at 5:17pm
Naturally. Forget the consequences, right? Who cares how it puts our future as a republic at risk. And to learn who you’re dealing with, you have to say things for what they are; remove the pc and get to the point. Progressives are sociopathic.

http://larryofarabia.wordpress.com/2012/11/14/purge/

Report this comment
DABIGRAGU
Posted on November 19, 2012 at 5:14pm
Sure thing Timmy, then we eliminate the debt to our children. Problem solved.

Report this comment
TJSON
Posted on November 19, 2012 at 4:52pm
The politicians that used the debt ceiling as a political poker chip should be held accountable as traitors.

They quite literally held the country’s entire economy hostage in order to get some political gain. The debt ceiling has been raised by every president with the exception of Truman has raised the debt ceiling. Congress raised it 18 times under Reagan, and 7 times under Bush.

Nobody is exactly sure what would happen if we had in fact failed to raise the debt ceiling. The best case scenario would have been a severe recession. The politicians responsible for holding off a deal were willing to throw the entire economy off the cliff to get what they wanted.

If someone brings a bomb on a plane and tells everyone to do what they want or they’ll bring the whole thing down, that’s an act of terrorism. If they hold the plane hostage for money, that’s terrorism. I am not exaggerating when I say that this is what the politicians in charge were doing. They held the entire US economy hostage; millions of jobs, trillions of dollars. They said, ‘do what we want, or we’ll pull the rug out from under the entire country.’

They are traitors.

Report this comment
- LarryofArabia
  Posted on November 19, 2012 at 5:34pm
  Of course, you have a right to your opinion and I respect that. However, I have two words for you: Situational Awareness.
  
  We’re on the cusp of an economic wilderness and you’re arguing because Reagan, Bush and every other president raised the debt ceiling, you’re okay with it? I have no respect for a government who can’t manage the people’s money. Particularly when it’s not my government.
  
  Happy Thanksgiving.
  
  Report this comment

Comments are closed.

It appears that you have Javascript Disabled. Please enable Javascript in your browser preferences for a better user experience on TheBlaze. You can not comment without Javascript enabled.

« Back to The Blaze