Posts Tagged ‘Tim Geithner’
IRS simply withholding information and lying to Congress
On June 2, I wrote about the IRS conferences being held between 2010 and 2012. During that period, the inspector general’s report indicated the agency spent upwards of $50 million on conferences. About a year ago, then Treasury Secretary Timothy Geithner – or someone answering his mail – outright lied and claimed the department had only spent $500,000…
Read MoreObama administration “balanced approach” short on the “balance” part
Obama administration staffers discussing President Obama’s proposed balanced approach to reducing the deficit a few dollars – there is no interest in discussing the debt or unfunded future liabilities – have shown little or no interest in spending cuts.
Read MoreTreasury 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,”…
Read MoreGeithner: Fortunate Americans should bear slightly larger burden of the privilege of being an American
Replaying the same old song. Treasury Secretary Timothy Geithner was interviewed this morning on CNBC and one of the discussions was taxes. He thinks fortunate Americans should pay more, but the press never asks how much more would be enough.
Read MoreObama administration completely unconcerned about debt and deficit after 2012
Ten years. That’s all they give a crap about. The goal here is to get re-elected and kick the can down the road.
Read MoreGeithner on the economy: it’s going to be hard, harder than anything you’ve ever experienced
I debated whether or not I would post this, because it’s just so doggone depressing. But it’s also refreshing to hear this coming from someone in the administration. Yesterday Treasury Secretary Tim Geithner, when asked the question how long this recession will continue, he responds … oh why should I spoil the surprise video below…
Read MoreBailouts for Tax Cheats??!
There’s an old joke about how snakes don’t bite lawyers out of professional courtesy. But tax cheats?
Read MoreObama provides unlimited loss coverage to Fannie Mae and Freddie Mac
A Christmas Eve White House decision that nobody will notice. President Obama and his treasury secretary, Timothy Geithner, have elected to increase loss coverage for the Government Sponsored Enterprises (GSE) of Fannie Mae and Freddie Mac from $200 billion to unlimited for the next three years.
Read MoreThe Deal Behind the AIG deal – Video: Warren vs Geithner
OK, the video is juicy and it’s fun to watch a very smart woman smack down the wizard of smart (H/T Rush). But, to truly enjoy Professor Warren’s performance and Tim Geithner’s squirm, you need some background.
Read MoreGeithner to crack down on tax cheats? Bwahahaha
It’s just too good to pass up. The best part is they say it with a straight face. The president said he intends to close loopholes that actually were put in place during the Clinton administration to allow companies to compete more effectively overseas.
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