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Country to Face Major Tests on Taxes And Budget: Geithner
CNBC ^ | April 18, 2012

Posted on 04/18/2012 7:15:05 AM PDT by Oldeconomybuyer

Edited on 04/18/2012 7:19:28 AM PDT by Admin Moderator. [history]

The U.S. government will face a major test on whether it has the capacity to govern when it is faced with big tax and budget decisions at the end of the year, U.S. Treasury Secretary Timothy Geithner said on Wednesday.


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


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: election2012; failure; obamanomics; socialism

1 posted on 04/18/2012 7:15:15 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

geithner, oh yeah, the “genius” who was going to help us with the economy.

Shut off and go home


2 posted on 04/18/2012 7:18:33 AM PDT by yldstrk ( My heroes have always been cowboys)
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To: Oldeconomybuyer

How about letting me write off my daughter’s summer camp this year Tim?


3 posted on 04/18/2012 7:18:52 AM PDT by AU72
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To: Oldeconomybuyer

And in other news, deserts are dry and water is wet. We’ll have the report on tonight’s Captain Obvious News at 11:00!


4 posted on 04/18/2012 7:22:04 AM PDT by woweeitsme
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To: Oldeconomybuyer

“The U.S. government will face a major test on whether it has the capacity to govern when it is faced with big tax and budget decisions at the end of the year”

The statement answers itself: if the Feds had the capacity to govern, they wouldn’t be facing big tax and budget decisions.


5 posted on 04/18/2012 7:22:34 AM PDT by Psycho_Bunny (Burning the Quran is a waste of perfectly good fire.)
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To: Oldeconomybuyer

In other words, after obam gets reelected, in 2013, the “Bush tax cuts” are finally history and BOHICA every taxpayer in the US


6 posted on 04/18/2012 7:24:51 AM PDT by silverleaf (Funny how all the people who are for abortion are already born)
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To: Oldeconomybuyer
The U.S. government will face a major test

Oh, snap - a major test and the government didn't study the material....

7 posted on 04/18/2012 7:25:18 AM PDT by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: Oldeconomybuyer

Meanwhile Geithner’s Democraps do nothing but stall, obfuscate, pass the buck, demogogue and play partisan politics while playing footsies with their leftist driven media compadres. All mouth and no solution. We Puke on them ALL—worthless drecks—same goes for RINO’s too—just a little less puke but puke nonetheless.


8 posted on 04/18/2012 7:28:27 AM PDT by tflabo (Truth or tyranny)
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To: Oldeconomybuyer

I’ve said this before and I’ll say it again....Geithner reminds me of the type of guy who would have been taken out and hung in the town square in the 18th century! There is just something sinister about him!!


9 posted on 04/18/2012 7:32:19 AM PDT by Cricket24 (NO MORE RINO'S....That means you Romney)
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To: Oldeconomybuyer
The U.S. government will face a major test on whether it has the capacity to govern when it is faced with big tax and budget decisions at the end of the year, U.S. Treasury Secretary Timothy Geithner said on Wednesday.

I believe Timmy knows the tax increases and budget "cuts" in 2013 are together the built-in circuit breaker, the designed-in component that will trigger the economic collapse if the race wars, the Middle East and oil prices do not.

The path we are on is unsustainable. They know this. They know they must trigger an economic collapse, because if they don't trigger it themselves, the tycoons will not be able to profit from it.

10 posted on 04/18/2012 7:47:00 AM PDT by backwoods-engineer (I will vote against ANY presidential candidate who had non-citizen parents.)
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To: Oldeconomybuyer

Oh Yeah, Tim. Government has it tough because most people like to keep what they earn rather than give it to a government that finds extraordinary ways to waste it. By the way Tim, pay your own damn taxes.


11 posted on 04/18/2012 7:49:56 AM PDT by immadashell
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To: Oldeconomybuyer
""Hopefully we use it as an opportunity to make another significant step towards long term fiscal reform at that time," he said. "

What was the first step, Timmy?

Timmy makes Joe Kennedy III look smart.

12 posted on 04/18/2012 8:05:45 AM PDT by Paladin2
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To: Oldeconomybuyer
These Obama hacks (Comrades) are so annoying to listen to. Blah, blah, blah, never a positive word about free enterprise and capitalism but endless blather about spending more money to achieve ‘fairness.’
13 posted on 04/18/2012 8:12:34 AM PDT by JPG (Hold on tight; rough road ahead.)
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To: Oldeconomybuyer
The U.S. government will face a major test on whether it has the capacity to govern when it is faced with big tax and budget decisions at the end of the year, U.S. Treasury Secretary Timothy Geithner said on Wednesday.

"Capacity to govern?"

That sounds like a threat, to me.

I guess they are expecting some resistance to their federal government uber alles plans.

14 posted on 04/18/2012 8:43:34 AM PDT by E. Pluribus Unum (For every black person murdered by a white, thirty-nine white people are murdered by blacks.)
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To: All


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15 posted on 04/18/2012 8:45:50 AM 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: Oldeconomybuyer

CHANGE


16 posted on 04/18/2012 9:17:37 AM PDT by Vaduz
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To: yldstrk
Geitner...the head of the NYS fed before becoming treasurer, IIRC....he's the problem....

bad enough that they took away billions of savers/small investors money thru their corruption....

now they're warning us that more is going to be taken/stolen....

but let those giant multinationals and the big bankers and the Buffets of the world just skate by.....

I've got news for Geitner....WE DON'T HAVE ANY MONEY for you .....

17 posted on 04/18/2012 1:46:26 PM PDT by cherry
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