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Tuesday, November 20, 2012

Treasury Secretary Geithner: Lift Debt Limit to Infinity

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.

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7 comments:

Anonymous said...

The premise is absolutely insane.
This will effectively destroy America.

Anonymous said...

Then it would match the limit to infinity of STUPIDITY in government.

I wonder what the interest rate of infinity is...

Anonymous said...

aren't you so proud of him? he's just brilliant.

Anonymous said...

I guess that means by Geithner's statement;

'to get rid of the debt ceiling'
- does that also mean that our credit cards will have an unlimited debt ceiling to?

If so - then I guess we americans will soon be able to go on a massive spending spree.

Anonymous said...

"Anonymous said...
aren't you so proud of him? he's just brilliant.

November 21, 2012 2:47 AM"

With obama all were are going to get are the sloppy seconds. There are alot of great, highly intelligent honest movers and shakers out there but they will not risk their reputations to join the Obama administration.
This time around Obama's really going to have to drag the cesspools to find people to fill positions.

Anonymous said...

Timmy ought to pay his back taxes before he comments on anything.

Anonymous said...

Obama may give the job to Marion Barry, speaking of draging the cesspool.