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Geithner: Ready to Go Over 'Cliff' If Taxes Don't Rise
CNBC ^ | 12/5/12 | Justin Menza

Posted on 12/05/2012 3:26:07 PM PST by Skepolitic

Treasury Secretary Timothy Geither told CNBC Wednesday that Republicans are "making a little bit of progress" in "fiscal cliff" talks but said the Obama administration was "absolutely" ready to go over the cliff if the GOP doesn't agree to raise tax rates on the wealthy.

...

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: coward; repulican; rino
At the conclusion of the interview, the interviewer (Liesman, I think) pressed Geitner repeatedly to indicate one politically significant concession that Obama has made to the Republicans.

Although Geitner spoke many words in feigned response to the questions, he was at a loss to indicate any significant concession.

Knowing full well the spinelessness of most Republicans, why would Obama deign to concede anything?

1 posted on 12/05/2012 3:26:16 PM PST by Skepolitic
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To: Skepolitic

Thanks Timmy! I’m middle class and the income tax increaes will cost me $4000 bucks cash per year. So tell me again how the Democrats are “for the middle class” you frikin’ tax cheating liberal piece of pond scum!


2 posted on 12/05/2012 3:29:21 PM PST by avacado
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To: Skepolitic

Geitner is an idiot.
America went over the cliff during Obama’s first term. We lost our 4A credit rating and we topped 16 TRILLION dollars in debt, adding 1 TRILLION each year. The fiscal cliff is just political nonsense. A game the politicians play on the citizens.


3 posted on 12/05/2012 3:33:35 PM PST by SECURE AMERICA (Where can I sign up for the New American Revolution and the Crusades 2012?)
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To: Skepolitic

Lets go Tim. I’m stocked up.


4 posted on 12/05/2012 3:33:42 PM PST by tennmountainman
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To: Skepolitic
Let's go and while we're at it, the GOP should just not do anything involving the debt ceiling, Continuing Resolutions, Obamacare, etc.

Shut ‘er down!

5 posted on 12/05/2012 3:34:32 PM PST by tobyhill
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To: avacado

My tax increases are severe. Yet I agree with Timmy in that I am also very willing to go over the cliff. I find that the satisfaction I would get in knowing that many Americans will lose their unemployment insurance benefits outweighs the financial pain I will feel.


6 posted on 12/05/2012 3:35:52 PM PST by impimp
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To: Skepolitic

We already went over the cliff when the Fed started printing money to buy the debt no one else would buy.

All of this talk about debt ceilings and cliffs is just a diversion. We blew past the real ceiling and went off the cliff two years ago.

Right now they are just looking for the GOP to play chump, and the GOP is happy to oblige.


7 posted on 12/05/2012 3:37:16 PM PST by marron
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To: Skepolitic

8 posted on 12/05/2012 3:37:16 PM PST by Boogieman
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To: Skepolitic

Meanwhile Congress struck the word “Lunatic” from federal law.


9 posted on 12/05/2012 3:37:29 PM PST by DannyTN
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To: Skepolitic

The dems are willing to go over the cliff? I felt like it was their intention all along. We’ve seen before that when we give the okay to raise taxes on some they take as a sign it okay to raise taxes on everybody.


10 posted on 12/05/2012 3:37:46 PM PST by EandH Dad (sleeping giants wake up REALLY grumpy)
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To: Skepolitic

Who will be driving, Timothy “Thelma” Geithner or Barack “Louise” Obama?


11 posted on 12/05/2012 3:37:54 PM PST by NonValueAdded (If you can keep your head when all about you are losing theirs, you've likely misread the situation.)
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To: Skepolitic
Republicans do not know how to negotiate.

The Republicans should start with a position to lower taxes.

Make Obama come up with cuts of spending.

Nothing passes unless Republicans agree, we control the House.

Make the President perform.

Let's go of the cliff!

12 posted on 12/05/2012 3:39:29 PM PST by agincourt1415 (Tired of the current State, and Federal Tax System go here: APTTAX.com)
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To: Skepolitic

Bluffing.


13 posted on 12/05/2012 3:42:08 PM PST by HChampagne
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To: Skepolitic
Treasury Secretary Timothy Geither told CNBC Wednesday that Republicans are "making a little bit of progress" in "fiscal cliff" talks but said the Obama administration was "absolutely" ready to go over the cliff if the GOP doesn't agree to raise tax rates on the wealthy.

Is not the "fiscal cliff" nothing more than a steep rise in taxes? The Democrats always, always want more taxes. This situation looks like a Win-Win for the Democrats. No matter what happens the Democrats will blame the Republicans.

The Democrats cannot be unhappy about more taxes. Getting more tax revenue and blaming the Republicans is probably too irresistible.

If the Republicans cave and cry "uncle" even better for the Democrats! What a deal! Republicans raising taxes makes them equal to Democrats, quite a turn off.

14 posted on 12/05/2012 3:43:50 PM PST by olezip
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To: marron

“We already went over the cliff when the Fed started printing money to buy the debt no one else would buy”

1913?


15 posted on 12/05/2012 3:56:05 PM PST by Tublecane
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To: Skepolitic

He reminds me of the character from South Park:

“TIMMY!”


16 posted on 12/05/2012 4:07:04 PM PST by PATRIOT1876 (The only crimes that are 100% preventable are crimes committed by illegal aliens)
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To: Skepolitic
"That sure was a lot of progress we made there, Mr Boehner."


17 posted on 12/05/2012 4:10:18 PM PST by Zuben Elgenubi
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To: Skepolitic

With this statement, Geithner has essentially threatened the United States with economic catastrophe. It seems to me that men have been legally killed by the government for lesser threats.

There is a government policy that the US will not assassinate foreign leaders. However, Geithner is not a foreign leader, and if his threat is seen as a clear and present danger to the US, it might invoke mechanisms to remove such a threat.

Such was the case of the late Clinton Commerce Secretary Ron Brown, who was alleged to have sold classified information about National Security Agency listening posts to the Chinese.

While what he is alleged to have done was damaging to the agency, what Geithner is doing could cause a severe depression harming millions of Americans.


18 posted on 12/05/2012 4:10:47 PM PST by yefragetuwrabrumuy (Pennies and Nickels will NO LONGER be Minted as of 1/1/13 - Tim Geithner, US Treasury Sect)
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To: avacado
I’m middle class and the income tax increaes will cost me $4000 bucks cash per year.

Is that with or without AMT patch for 2012' or 13'. I got numbers for 12' and 13' and they all suck, My CPA and her hub had to take me out to lunch I was sickly looking or so they tell me after I got the official numbers...

19 posted on 12/05/2012 4:11:40 PM PST by taildragger (( Tighten the 5 point harness and brace for Impact Freepers, ya know it's coming..... ))
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To: Skepolitic

Let’s do it. Obamugabe is to blame.


20 posted on 12/05/2012 4:17:14 PM PST by SoFloFreeper
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To: SECURE AMERICA

I wish they’d just come out and rate our bonds “junk” and get it over with.

Zero will get at least one more down grade at this rate.

I won’t touch US backed debt with a 10 ft pole.


21 posted on 12/05/2012 4:26:39 PM PST by cableguymn (The founding fathers would be shooting by now..)
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To: Skepolitic

Obama Ready, Willing, and Ecstatic to take us over that cliff.

The conclusion of his lifetime dream of getting back at America for his being born.


22 posted on 12/05/2012 4:31:30 PM PST by Venturer
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To: Skepolitic

It sounds like these Corrupt Chicago Commie Piggies (CCCP) are serious about stealing every penny Americans have. What a bunch of greedy bass turds. They want BIG government but they want somebody else to pay for it. Lowlifes.


23 posted on 12/05/2012 4:36:35 PM PST by FlingWingFlyer (Don't tax me bro! Tax that guy over there!)
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To: Skepolitic

BIG GOVERNMENT IS CRONY SOCIALISM. “Socialism Is Legal Plunder” - Bastiat

Let it go over the cliff. They all can perish. We have a template to rebuild it.

http://www.archives.gov/exhibits/charters/constitution_transcript.html

—That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

Adios....totalitarians/sociaiists/internationalists/progressives/criminals/thieves/scumbags/etc., etc.


24 posted on 12/05/2012 4:37:04 PM PST by PGalt
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To: yefragetuwrabrumuy

With this statement, Geithner has essentially threatened the United States with economic catastrophe. It seems to me that men have been legally killed by the government for lesser threats.

There is a government policy that the US will not assassinate foreign leaders. However, Geithner is not a foreign leader, and if his threat is seen as a clear and present danger to the US, it might invoke mechanisms to remove such a threat.

WORTH REPEATING BUMP!


25 posted on 12/05/2012 4:39:11 PM PST by PGalt
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To: Skepolitic

How can anyone take seriously a president who hired a wealthy man who cheated on his taxes, Tim Geithner, to be his Treasury Secretary, yet now claims taxing the rich is so vital to America’s wellbeing it would be better to let the whole country go over a cliff than to not single out the rich for increased taxes?

In fact, the only way the U.S. Treasury will be able to take in more revenue from wealthy Americans if their taxes are increased is if every wealthy American has greater integrity than Tim Geithner. Otherwise, they will not pay an additional cent.


26 posted on 12/05/2012 4:42:43 PM PST by Bluestocking
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To: Bluestocking

Let’s go. Hold on.


27 posted on 12/05/2012 5:26:32 PM PST by ogen hal (First amendment or reeducation camp?)
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To: avacado

your words are too kind.


28 posted on 12/05/2012 6:16:31 PM PST by Jude in WV
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To: Skepolitic
Turbo-tax Timmy ... the tax cheat? This incompetent f**k is right up there with Joe Biden in the credibility category. What's wrong with this nation? Incompetency prevails and it's applauded by the liberal skanks in our media.
29 posted on 12/05/2012 6:23:42 PM PST by BluH2o
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