Blame aside, hasn't there been a Clarion call, an irrepressible mandate to cut the federal budget, reduce spending, lower the deficit, trim costs and restore sanity to the the government budget process. Haven't we heard Congress emphasize their good work in cost cutting?

Today I read that Tim Geithner, our Treasury Secretary, urged Congress to raise the $12.7 trillion dollar debt limit quickly, before October. He qualified it as critically important....to investors I guess.

The question of how to pay for Obama's Healthcare has not been answered and I suspect it will cost somebody, something....probably a lot of something. Why is the White House and Congress in a rush to bankrupt this nation?

http://online.wsj.com/article/SB124970470294516541.html

"It is critically important that Congress act before the limit is reached so that citizens and investors here and around the world can remain confident that the United States will always meet its obligations," Mr. Geithner said in a letter to lawmakers."

I find this rather humorous...Mr. Geithner, a tax cheat, reminding congress about obligations.

have ever been turned down.
At some point even the foreign investors are going to become uneasy with the USA just opting to raise it's debt limit to assure funding for their investments.

On that basis we could all get our portfolios back to where they were when the DOW was at 14,000 all we need to do is fund the investments with increased credit card spending. There should be no problem knowing the banks will be good for it. And we will all feel much better. Why not? It is what the government is doing. Of course I am being caustic (which does happen on rare occassion).

btk

Originally Posted by Keedy

I find this rather humorous...Mr. Geithner, a tax cheat, reminding congress about obligations.

When I asked my my congressman not to vote in Geithner he responded 2 months after confirmation that it was too important not to have Geithner.
If you go to a town meeting to ask your congressman not to vote for Obama Care, remind them that they already have strike one.