OK folks, John Maynard Keynes used to say in response to criticisms of his proposals regarding how it will affect the nation’s economy in the long run... “In the long run, we are all dead”.
Well, he was wrong. The long run has arrived and we’re all alive to see it.
READ Geithner’s plans....
First up, a raiding of government retirement funds!!
Uh-oh. The game of hardball has begun.
Time to put away the popcorn.
Geithner Implements Emergency Measures
Cut Congressional (reps, senators, and staffers) salaries by 5% every day until the Senate passes Paul Ryan’s budget. Immediately suspend all congressional taxpayer-paid travel. Withhold payment to the U.N. Suspend all funding for Obamacare. I can think of more, but this would be a good start.
They are quickly shuffling this to make it look like those dirty Republicans fault.
What Geithner is doing will have a serious impact on the markets and consumer spending. (By design)
Well, well, we are broke, now we can’t send 5-10 billion here and there at every world event. /yeahright
They said this might happen someday, I just didn't think it would be today! Cut spending NOW!
Wasn’t it just two weeks ago that he said, due to the influx of tax money, we wouldn’t hit the ceiling until sometime in August? Hmmmmmmm.
In other words: We’re going to cut police and fire services and cut pensions until you agree to imcrease the debt limit, holding people effectively hostage.
Me? I’d call their bluff. Go ahead, Obama, cut services. They need to be cut.