Treasury secretary proposes infinite debt limit

Hey, when you’re trying to run an expanding federal government, seeking permission from the people to spend more and more money we don’t have is a bloody inconvenience. When asked if we should ditch the debt limit all-together, Treasury Secretary Timothy Geithner agrees with Alan Greenspan – spend away! “Well, this is something only Congress can solve,”…

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The sky didn’t fall

On Sunday, Secretary of the Treasury, Timothy Geithner, took to the Sunday morning talk show programs to speak about the gridlock over our national debt ceiling.  I am not adept enough to add a video clip of his comments.  But, here is what I heard.

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The debt ceiling, and something to think about

While the President was negotiating with Congressional leaders last week about the debt ceiling, he advocated a “really big package” that would raise the debt ceiling by $4 trillion.  When that seemed to be going nowhere, he said he would “settle” for a $2.4 trillion increase.  This smaller amount, per the President, would get us…

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What the debt negotiations aren’t

The negotiations on spending cuts and deficit increases (somewhat of an oxymoron) are basically being conducted in secret.  This alone conjures up visions of Obamacare, which, now that we can see what’s in it, is becoming more and more unpopular.  But, even though the “negotiations” are being held behind closed doors, we have learned what the President will…

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The Constitution and the debt ceiling

Recently a new Constitutional “myth” seems to be gaining traction.  It comes from those on the left who, although declaring the Constitution “over 100 years old, and confusing”, have apparently decided that the Constitution isn’t so bad after all, if it can serve their purposes.

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The debt ceiling: what you need to know

We are close to reaching our country’s “debt ceiling”.  In layman’s terms, that means that Congress has said we can only borrow some $14 plus trillion (mostly from China) and after that the “credit card” is cut off.  This administration has told us that if we don’t raise our credit card limits, a parade of…

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