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Tim Geithner Refuses To Tell Chris Wallace What Happens If Debt Ceiling Isn’t Raised
Mediaite ^ | 7/24/11 | Matt Schneider

Posted on 07/24/2011 12:53:32 PM PDT by Nachum

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To: glorgau
It’s funny how when he mentions Congress that the names he uses are “Speaker Boehner and Senator McConnell. Somehow he doesn’t think that Senator Reid or President Obama (2 of 3 Federal branches) are worth mentioning.

Another indicator that they're planning to muck it up and blame Rs. It's comin' - better get ready.

21 posted on 07/24/2011 1:06:45 PM PDT by Principled
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To: dhs12345
Gee - FOUR years ago, way back in 2007, we had a balanced budget.

Impeach the Treasury Secretary, make him talk.

22 posted on 07/24/2011 1:07:23 PM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
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To: Nachum

Sounds suspiciously like Timmy was threatening to turn off the money hose.


23 posted on 07/24/2011 1:09:37 PM PDT by ronnyquest (I spent 20 years in the Army fighting the enemies of freedom only to see fascism elected at home.)
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To: Nachum

Geithner, Obumo, Reid, Pelosi et al are Spendaholics.
They only care about getting their next money fix consequences be damned. Cut ‘em off. Forget rehab. Let ‘em sober up in jail.


24 posted on 07/24/2011 1:10:17 PM PDT by bossmechanic (If all else fails, hit it with a hammer)
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To: Bullish

25 posted on 07/24/2011 1:11:05 PM PDT by skimbell
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To: Nachum
“there are millions and millions of Americans that depend on those checks coming on time.”

As one of the millions and millions and millions Americans who actually PAYS for those millions to sit on their as**es and wait for their gubmint check, I say, let 'em get up off their porch and get a freakin' job! Oh, wait, there are no jobs, thanks to the guy they voted for. Oh well...there ya go. Let's give 'em a pocket full of hope and change.

Disclaimer: Not talking about Social Security seniors. Their payment is secure by law, and not threatened by Timmy's ignorance of that law. The country is being run by children, idiots and morons (and Marxists)...God protect us!

26 posted on 07/24/2011 1:11:20 PM PDT by erkyl (We hang the petty thieves and appoint the great ones to public office --Aesop (~550 BC))
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To: Nachum

“Tim Geithner Refuses To Tell Chris Wallace What Happens If Debt Ceiling Isn’t Raised”

That’s because NOTHING will happen.


27 posted on 07/24/2011 1:12:50 PM PDT by RoadTest (Organized religion is no substitute for the relationship the living God wants with you.)
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To: lonestar

Good point!

But he knows damn well, this is all about creating a crisis that Obama can take advantage of, blaming the Republicans and using fear tactics to - with the media’s help - paint R’s as the bad guys and help Obama improve his numbers.

But even little Timmy is smart enough to know you don’t just come out and say that...


28 posted on 07/24/2011 1:13:22 PM PDT by bigbob
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To: Notary Sojac

Yet another manufactured crises created by the establishment to scare the masses into keeping the status quo. A big nothing whipping up frenzy and hysteria.


29 posted on 07/24/2011 1:13:56 PM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
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To: Nachum
Geithner seemed to demonstrate just how fearful he is of what might happen by hesitating to even discuss the possibility of any contingency plan

Telling.....

.....I wonder if this is another TARP "We must do it because the consequences of failure are too horrible to contemplate" opportunistic boondoggle.

As far as I am concerned, we hold the debt ceiling where it is and cut spending to balance the budget.

.....How is it that you are in default if you balance the budget?

.....How is it that promising to allow further borrowing will make our country's credit rating stay the same as it already is (it should go down)?

.....How is it that our credit rating matters anyhow if we decide to actually balance the budget and cease to borrow money?

Seems to me the choice is clear, balance the budget NOW-Immediately-and-Absolutely before we reach the point where we have to borrow just to make interest payments.

The choices are what spending to cut (and I mean really cut, not just slow the growth). Knowing Obama, he will cut where it directly hurts intentionally targeted people, not cut where there is no real and compelling need for the spending.

30 posted on 07/24/2011 1:14:19 PM PDT by SteamShovel (Smart Grid is Stupid)
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To: Nachum

Geithner, Obama and the Democrat Party have been scamming the American people with fear & lies!!! Boehner & Pubbies give these “dirt bag” Democrat traitors zero, nothing, zilch, goose eggs, etc.!!!


31 posted on 07/24/2011 1:15:58 PM PDT by JLAGRAYFOX
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To: Nachum
Tim Geithner can get all 80 million checks out on time, pay our obligations to debt holders and still have 150 billion dollars left over.

Debt Ceiling: 7 Reasons Why August 2nd Isn't the End of the World - Youtube - http://youtu.be/3YkBFKQQoZE

Never let a crisis go to waste.


32 posted on 07/24/2011 1:17:26 PM PDT by listenhillary (It still increases the debt limit.)
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To: Nachum

Obammy hasn’t told him who he’ll punish yet.


33 posted on 07/24/2011 1:17:35 PM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: JLAGRAYFOX

this is a great graphic.

http://www.flickr.com/photos/expd/5970919043/


34 posted on 07/24/2011 1:17:35 PM PDT by RummyChick
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To: Siena Dreaming

At Timmy’s level of criminal loyalty, he will probably replace Bernanke after shilling for barry bass turd.


35 posted on 07/24/2011 1:19:01 PM PDT by MHGinTN (Some, believing they can't be deceived, it's nigh impossible to convince them when they're deceived.)
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To: dhs12345

The government would have to prioritize and decide what should be paid for and what should not ...

That is ‘work’ ... something progressives avoid at all cost


36 posted on 07/24/2011 1:19:40 PM PDT by Java4Jay
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To: lonestar

“Fear monger doesn’t understand Turbo Tax and he’s supposed to know what happens if debt ceiling isn’t raised?”

Good post. One thing he does know, but won’t say, is that if the debt ceiling isn’t raised a lot of Democrat constituiencies might not receive their usual allotment of government largesse. That’s what the debate is really all about.


37 posted on 07/24/2011 1:21:29 PM PDT by Starboard
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To: Nachum

I know why the temperatures are so extremely hot, all the hot air abd b.s. coming out of Washington these days!


38 posted on 07/24/2011 1:26:48 PM PDT by tob2 (Chihuahua mama)
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To: Nachum

"Human sacrifice, dogs and cats living together... mass hysteria!


39 posted on 07/24/2011 1:26:55 PM PDT by Caipirabob ( Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: cripplecreek

Turbo Tax will PAY big time.


40 posted on 07/24/2011 1:28:31 PM PDT by Dubya-M-DeesWent2SyriaStupid! (Allen West 2012 Make it happen!)
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