Wednesday, May 18, 2011

Hi! How is everyone today?

Surviving? Good, that means the world didn't come crashing down around our ears when we got shoved against that debt ceiling yesterday.

And now little Timmy Geithner is actually going to have to do some hard work in trying to manage part of the problem that he and his boss are continuously shoveling up.

BUT wait! It's really not his problem- it will be the new Republican majorities fault for trying to take his credit card.

From the same guy who couldn't figure he needed to pay seven years worth of income taxes -when his company GAVE HIM THE MONEY to pay it, we get these gems:

"If Republicans try to impose that plan on this country as a condition for raising the debt limit, then they will own the responsibility for the first default in our history, with devastating consequences,"
Because the Republicans couldn't even get a bill to the House floor for two years.

"As I have said before, Congress must meet its responsibility to protect the nation's full faith and credit by increasing the debt limit,"
Said the tax cheat.

He said while the borrowing costs on the national debt have remained low, that could change quickly if financial markets begin to doubt America's ability to deal with its financial difficulties.
You call spending almost HALF of our financial obligations to INTREST PAYMENTS low????

"As we saw in the fall of 2008, when confidence turns, it can turn with brutal force and with a momentum that is very difficult and costly to arrest," Geithner said. "That is a threat we should pre-empt."

Lets spend even MORE money we don't have- brilliant!

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