• I want to make it perfectly clear that Congress will raise the debt ceiling. They recognize it and they told the president that on Wednesday in the White House and I sat there with them and they said, ‘We recognize we have to do this and we’re not going to play around with it, because we know the risk would catastrophic.’
• Treasury Secretary Timothy Geithner • Speaking with a hushed tone about the need to increase the debt ceiling, the kind of thing the GOP would possibly screw with the debt ceiling. The U.S. government has just $76 billion of breathing room right now, and need to pass an increase by July 8. Problem is, Republicans want a deal to go with this. “In addition to raising the debt limit we want financial controls, we want cuts in spending accompanying a raising of the debt ceiling.” said Paul “Fancypants” Ryan. “And that is what I believe they (Republican congressional leaders) told the president.” Oh God, they’re gonna screw this up. source

Posted by Ernie Smith • Permalink