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Geithner: GOP will bear responsibility for default
Yahoo ^ | 5/17/11 | Pallavi Gogoi - AP

Posted on 05/17/2011 6:38:27 PM PDT by NormsRevenge

NEW YORK (AP) -- Treasury Secretary Timothy Geithner said Tuesday that if Republicans insist on passage of their budget plan as a condition for approving an increase in the nation's borrowing limit, they will be responsible for the consequences.

Speaking to a New York audience, Geithner said that Republicans would bear responsibility for the first debt default in the nation's history if they insist they will not vote for an increase in the $14.3 billion borrowing limit unless they win approval of a House Republican budget plan.

"If Republicans try to impose that plan on this country as a condition for raising the debt limit, then they will own the responsibility for the first default in our history, with devastating consequences," Geithner said in a speech to the Harvard Club of New York.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Crime/Corruption; Front Page News; Government; Politics/Elections
KEYWORDS: debt; default; economy; geithner; gop; inneedosomerestraint; notaxes4dnc; notaxes4geithner; notaxes4rangel; responsibility; teachers
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1 posted on 05/17/2011 6:38:28 PM PDT by NormsRevenge
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To: NormsRevenge

Timmy needs to get off the flying rainbow unicorn and come back to this dimension.


2 posted on 05/17/2011 6:39:43 PM PDT by nolongerademocrat ("Before you ask G-d for something, first thank G-d for what you already have." B'rachot 30b)
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To: NormsRevenge

Turbo Tax Timmy with gloom and doom again...remember we had to pass the stimulus pkg without delay!!!


3 posted on 05/17/2011 6:40:39 PM PDT by Hotlanta Mike (TeaNami)
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To: NormsRevenge

That’s all right, Tim. The Democrats can solve the problem any time by agreeing to cut spending.


4 posted on 05/17/2011 6:41:13 PM PDT by Cicero
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To: NormsRevenge

This is ALWAYS the strategy of the leftist banksters.

They run the economy and a country into ruin then say, “Let us continue!!”

When someone objects, their response is always the same, “YOU caused this. If you’d just allowed us to CONTINUE, we’d be fine.”

Eff you, Pinocchio. Your nose is growing every time you open that lipless mouth of yours.

But the country is waking up, and we know the lies you are spewing, and we know that the economy has been ruined because of our socialist banking system embodied in the Federal Reserse.


5 posted on 05/17/2011 6:41:17 PM PDT by Ghost of Philip Marlowe (Prepare for survival.)
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To: NormsRevenge

That is hilariously pathetic


6 posted on 05/17/2011 6:41:36 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: NormsRevenge

Tell that sniveling little tax cheat that the main qualification for the next attorney general should be his willingness to put Geitner in jail.


7 posted on 05/17/2011 6:42:13 PM PDT by anton
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To: NormsRevenge

He needs to be tarred and feathered


8 posted on 05/17/2011 6:47:00 PM PDT by ronnie raygun (V)
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To: NormsRevenge

The GOP being responsible for default is like blaming Mom and Dad for not upping the limit on the kid’s credit card.

Mr. G is a liar of the 1st order.

The fault is with those trying to crash the system to equalize our economy with that of the third world, of whom Mr. G is one.


9 posted on 05/17/2011 6:47:00 PM PDT by LachlanMinnesota (Which are you? A producer, a looter, or a moocher of wealth?)
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To: NormsRevenge
Speaking to a New York audience, Geithner said that Republicans would bear responsibility for the first debt default in the nation's history if they insist they will not vote for an increase in the $14.3 billion borrowing limit

WRONG, WRONG, WRONG, WRONG, WRONG.
It is YOUR responsibility, Mr. Geithner, to see to it that bonds are properly retired as they become due. You have money coming in each day that can be used for this purpose. If you decide to abdicate your first and foremost responsibility as Treasury Secretary, then you will only have yourself to blame.

A patriotic American would never even fathom the idea of purposely not paying off bonds as they become due. Yet Geithner seems to have no qualms about doing exactly that, and for political purposes. These people are treasonous bastards. January 2013 cannot come soon enough. I hope we make it until then.

10 posted on 05/17/2011 6:47:34 PM PDT by Hoodat (Yet in all these things we are more than conquerors through Him who loved us. - (Rom 8:37))
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To: NormsRevenge

Have a steaming cup of STFU Timmy, you criminal.


11 posted on 05/17/2011 6:48:37 PM PDT by edge10 (Obama lied, babies died!)
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To: NormsRevenge

Geithner....GROW UP ALREADY!


12 posted on 05/17/2011 6:48:41 PM PDT by EBH ( Whether you eat your bread or see it vanish into a looter's stomach, is an absolute.)
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To: NormsRevenge

Attention, Tim Geitner:

We are 2 1/2 years into the Obama Experiment. Unemployment is officially at 9.? percent. Unofficially, it more like 20%. This is after billions upon billions of “stimulus” money spent.

Inflation is not in the 3% range. It is more like 10%. Rising fuel and food prices are eating everyone’s disposable income.

Your policies are driving us off the cliff. NOTHING indicates that your policy is having a positive effect.

IT’S TIME TO CHANGE THE POLICY!!!


13 posted on 05/17/2011 6:50:23 PM PDT by Bryan24 (When in doubt, move to the right..........)
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To: edge10

We can thank Orin Hatch for having this genius decide these things for us.


14 posted on 05/17/2011 6:50:22 PM PDT by Phillipian (Post Tenebras Lux)
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To: NormsRevenge

He’s just another partisan hack. If we don’t raise the limit, and Timmy decides to pay the NPR and Planned Parenthood subsidy instead of the debt, that’s on him.


15 posted on 05/17/2011 6:56:20 PM PDT by Brilliant
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To: NormsRevenge

WHEN THE CREDIT CARD USER GETS CUT OFF BECAUSE OF CREDIT LIMIT, IT’S THE CREDIT COMPANIES FAULT! - Timmy Geitner


16 posted on 05/17/2011 6:57:08 PM PDT by struggle ((The struggle continues))
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To: NormsRevenge

Stop the spending already!


17 posted on 05/17/2011 6:58:19 PM PDT by Jim Robinson (Rebellion is brewing!! Impeach the corrupt Marxist bastard!!)
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To: NormsRevenge

FUTG.


18 posted on 05/17/2011 6:58:55 PM PDT by exit82 (Democrats are the enemy of freedom. Sarah Palin is our Esther.)
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To: NormsRevenge
Why do we have to borrow more Timmy?

I my world...that would tell my creditors that I'm tanking!!!!

19 posted on 05/17/2011 6:59:15 PM PDT by Osage Orange (The MSM is an enemy of the United States of America)
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To: NormsRevenge

Right - the Demon-crats caused the deficit and now blame the GOP?


20 posted on 05/17/2011 6:59:32 PM PDT by SkyDancer (I Believe In The Law Until It Interferes With Justice)
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To: NormsRevenge

Yeah, now it’s our fault LoL!

STFU Timmy!


21 posted on 05/17/2011 7:00:01 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: NormsRevenge

Right - the Demon-crats caused the deficit and now blame the GOP?


22 posted on 05/17/2011 7:00:16 PM PDT by SkyDancer (I Believe In The Law Until It Interferes With Justice)
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To: NormsRevenge; All

23 posted on 05/17/2011 7:00:55 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: NormsRevenge

Funny words from a tax evader. Just like it’s always the bill collector who’s responsible for all those nasty little bills the debtor ran up.


24 posted on 05/17/2011 7:01:17 PM PDT by Oceander (The phrase "good enough for government work" is not meant as a compliment)
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To: NormsRevenge
HEY, TIMMY...


25 posted on 05/17/2011 7:01:33 PM PDT by TCH (DON'T BE AN "O-HOLE"! ... DEMAND YOUR STATE ENACT ITS SOVEREIGNTY !When a majority of the American)
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To: NormsRevenge

Sorry Timmy. You libtards are responsible for this. From the new deal through the great society to national health care, you rotten, stinking, lying, spending, murdering, evil liberals, have been in charge of the government of the animating philosophy behind it. You sir and the policies of your party are behind mess we are in. So... blame the perps, FDR, Truman, Kennedy, LBJ, Carter, Clinton, Obama, and your party’s god Marx. And let us not forget about your party’s abject control of the congress and the courts. Nope Timmy, generations of people just like you caused this. So blame yourself. Not people like me who are putting an end to it.


26 posted on 05/17/2011 7:04:20 PM PDT by Nuc 1.1 (Nuc 1 Liberals aren't Patriots. Remember 1789!)
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To: musicman
LoL! Now that there is funny! ☺
27 posted on 05/17/2011 7:04:31 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: NormsRevenge

28 posted on 05/17/2011 7:04:50 PM PDT by TCH (DON'T BE AN "O-HOLE"! ... DEMAND YOUR STATE ENACT ITS SOVEREIGNTY !When a majority of the American)
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To: NormsRevenge

Fear and smear loud and clear!


29 posted on 05/17/2011 7:06:02 PM PDT by devistate one four (United states code 10.311 Militia Kimber CDP II .45 OORAH! TET68)
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To: mylife

30 posted on 05/17/2011 7:08:37 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: NormsRevenge

What default on his tax bill?


31 posted on 05/17/2011 7:17:21 PM PDT by bmwcyle (It is Satan's fault)
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To: NormsRevenge
Unfortunately, the House GOP will cave in the end.
32 posted on 05/17/2011 7:17:35 PM PDT by eclecticEel (Life, Liberty, and the Pursuit of Happiness: 7/4/1776 - 3/21/2010)
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To: nolongerademocrat

Out with all of the Democrats! Kick them ALL out! I will never trust another Democrat again in my life!


33 posted on 05/17/2011 7:18:00 PM PDT by Buddygirl
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To: musicman
Timmy were you not the head of the New York Fed when Wall Street came crashing down?

Where are your successes?

34 posted on 05/17/2011 7:18:49 PM PDT by scooby321
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To: NormsRevenge

It has nothing to do with the 4+ Trillion Dollars in additional debt obamma has racked in a little over 2 years? Right?


35 posted on 05/17/2011 7:20:18 PM PDT by rawhide
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To: anton

“Tell that sniveling little tax cheat that the main qualification for the next attorney general should be his willingness to put Geitner in jail.”
__________________________________________________________

Amen!!


36 posted on 05/17/2011 7:22:40 PM PDT by Artcore
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To: NormsRevenge
For crying out loud and the sake of this country,

SOMEONE HAS TO TAKE RESPONSIBILTY!!!

37 posted on 05/17/2011 7:30:41 PM PDT by onyx (If you truly support Sarah Palin and want to be on her busy ping list, let me know!)
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To: musicman
PREFECT! ©


38 posted on 05/17/2011 7:32:47 PM PDT by onyx (If you truly support Sarah Palin and want to be on her busy ping list, let me know!)
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To: NormsRevenge

This guy belongs behind bars.


39 posted on 05/17/2011 7:33:18 PM PDT by marygam ((Obama is not a messiah, wake up folks!))
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To: TCH

40 posted on 05/17/2011 7:35:15 PM PDT by onyx (If you truly support Sarah Palin and want to be on her busy ping list, let me know!)
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To: NormsRevenge
I give you: Geither's brain.
41 posted on 05/17/2011 7:35:59 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: marygam

I’m waiting for him to be appointed as the new head of the IMF


42 posted on 05/17/2011 7:39:11 PM PDT by DrinkDeep (Drink Deep the water of life (Heinlein))
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To: NormsRevenge

In the real world, nobody would take that little shit seriously.


43 posted on 05/17/2011 7:42:04 PM PDT by Dapper 26
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To: NormsRevenge
And, if the US Treasury Secretary chooses not to pay bond holders without authorization from the US Congress he is guilty of malfeasance so enormous that he should be tried and hung for his offense.

Just my opinion.

44 posted on 05/17/2011 7:54:13 PM PDT by Mariner (War Criminal #18)
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To: Mariner

Has anyone wondered if a default plays into the Obama/Soros hand? Goofy I know—too much chocolate.


45 posted on 05/17/2011 8:25:29 PM PDT by RitaOK
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To: NormsRevenge

Yawn... sure thing, Timmy. We’ll get to it in the morning...


46 posted on 05/17/2011 8:32:44 PM PDT by April Lexington (Study the Constitution so you know what they are taking away!)
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To: NormsRevenge

Timmy should be writing this message.... from his prison cell.


47 posted on 05/17/2011 8:39:00 PM PDT by Gator113 ("GAME ON." I'll be voting for Sarah Palin, Liberty, our Constitution and American Exceptionalism.)
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To: NormsRevenge

This guy’s a riot. I love how Leftists work, undermining the free market and then blaming others when it implodes. It has to be soooo easy to be a Leftist.


48 posted on 05/17/2011 8:40:01 PM PDT by Crucial
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To: RitaOK
Has anyone wondered if a default plays into the Obama/Soros hand? Goofy I know—too much chocolate.

You apparently don't realize that Obama and company really are traitors who plan on getting control by destroying EVERYTHING.

It will become obvious to you when YOUR 401K is worthless and in a Government IOU program and you take the bus to work, if you can. Only members of the PARTY will have jobs and get medical care. When you wake up, it will be too late.

49 posted on 05/17/2011 8:47:19 PM PDT by politicianslie (Obama thinks you're a fool)
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To: NormsRevenge

Well we all knew this was coming. The only thing the Libs can do is scream bloody murder and hope it works. It always has in the past. If you have a plan that works why change it?

Boehner’s worst nightmare is that he will have to face criticism. They will cave just like they always do. That debt ceiling is going to get raised this year and then again next year. By then we will all be frothing at the mouth with the unemployment, high inflation and a looming finanacial collapse. They will just keep telling us every thing is OK right up until the doors close at the banks.

Wait until little Paulie Ryan’s budget plan hits the Senate. It won’t be recognizable when it comes out the other end. By that time the GOP will have already frittered away their only Ace (The Debt Ceiling vote) so the Dems will be able to wreak havoc on Ryan’s plan.

Prepare for Disappointment.


50 posted on 05/17/2011 9:15:11 PM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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