Skip to comments.Geithner: GOP will bear responsibility for default
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 ...
Timmy needs to get off the flying rainbow unicorn and come back to this dimension.
Turbo Tax Timmy with gloom and doom again...remember we had to pass the stimulus pkg without delay!!!
That’s all right, Tim. The Democrats can solve the problem any time by agreeing to cut spending.
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.
That is hilariously pathetic
Tell that sniveling little tax cheat that the main qualification for the next attorney general should be his willingness to put Geitner in jail.
He needs to be tarred and feathered
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.
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.
Have a steaming cup of STFU Timmy, you criminal.
Geithner....GROW UP ALREADY!
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!!!
We can thank Orin Hatch for having this genius decide these things for us.
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.
WHEN THE CREDIT CARD USER GETS CUT OFF BECAUSE OF CREDIT LIMIT, IT’S THE CREDIT COMPANIES FAULT! - Timmy Geitner
Stop the spending already!
I my world...that would tell my creditors that I'm tanking!!!!
Right - the Demon-crats caused the deficit and now blame the GOP?
Yeah, now it’s our fault LoL!
Right - the Demon-crats caused the deficit and now blame the GOP?
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.
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.
Fear and smear loud and clear!
What default on his tax bill?
Out with all of the Democrats! Kick them ALL out! I will never trust another Democrat again in my life!
Where are your successes?
It has nothing to do with the 4+ Trillion Dollars in additional debt obamma has racked in a little over 2 years? Right?
“Tell that sniveling little tax cheat that the main qualification for the next attorney general should be his willingness to put Geitner in jail.”
SOMEONE HAS TO TAKE RESPONSIBILTY!!!
This guy belongs behind bars.
I’m waiting for him to be appointed as the new head of the IMF
In the real world, nobody would take that little shit seriously.
Just my opinion.
Has anyone wondered if a default plays into the Obama/Soros hand? Goofy I know—too much chocolate.
Yawn... sure thing, Timmy. We’ll get to it in the morning...
Timmy should be writing this message.... from his prison cell.
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.
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.
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.