So much for leaving; Timmy Boy Geithner sticking around for a while

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 • 0 Comments • Permalink

07 Aug 2011 21:37