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Geithner confident Congress will raise debt limit

goingbrokegoingbroke Posts: 1,410
in Precious Metals
WASHINGTON – Treasury Secretary Timothy Geithner says Republican leaders have privately assured the Obama administration that Congress will raise the government's borrowing limit in time to prevent an unprecedented default on the nation's debt.

"I want to make it perfectly clear that Congress will raise the debt ceiling,"
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Comments

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    Of course they will. Just like the bail out............. we are held hostage. Soap, lather, rinse. Repeat. MJ
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    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • pitbosspitboss Posts: 8,643 ✭✭✭

    I don't think they should. Let it ride for a while until we can get some serious cuts in the budget. We can get along just fine with the president having less money to waste on stuff we don't really need. Make do !!!
  • RGJohnRGJohn Posts: 402


    << <i>I don't think they should. Let it ride for a while until we can get some serious cuts in the budget. We can get along just fine with the president having less money to waste on stuff we don't really need. Make do !!! >>



    They don't care what we think. They make their livings cutting a fat hog in the fanny and they will never allow that torrent of easy money to stop flowing into their pockets.
    -----
    Of course, I might be mistaken and we should convene a symposium in, let's say Maui, for a week or 10 days to discuss it.
    And we could 'write a grant' so that 'no taxpayer money' would be used.
    Now, who's having filet Mignon and who wants lobster?
    Umm, this business of thinking lofty thoughts is exhausting isn't it? How about a little catamaran break?
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  • pitbosspitboss Posts: 8,643 ✭✭✭

    They may have to do something with S& P lowering the the US long term outlook to NEGATIVE.

    This could lead to a downgrade from AAA status if we don't do something quickly.
  • CaptMorganCaptMorgan Posts: 145
    Nothing we could do quickly would fix this mess.
  • pitbosspitboss Posts: 8,643 ✭✭✭

    We have to stop spending on things we do not need and just do what is completely necessary to keep the government running. Stop

    borrowing. If we can't pay for it then don't buy it. That is what most of us do at home.
  • HonoluluDudeHonoluluDude Posts: 2,167 ✭
    I got it! Why don't they just devalue the dollar to decrease the debt load? Yeah, that's the ticket.
  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    I note Timmy's impish little smirk this morning as he explained that the Health Care Bill is going to save so much money. That alone should convince anyone what this man is.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • pitbosspitboss Posts: 8,643 ✭✭✭


    << <i>I note Timmy's impish little smirk this morning as he explained that the Health Care Bill is going to save so much money. That alone should convince anyone what this man is. >>




    Don't you know that anytime you spent a trillion dollars you are saving money!
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