“The American people will never knowingly adopt Socialism. But under the name of ‘liberalism’ they will adopt every fragment of the Socialist program, until one day America will be a Socialist nation, without knowing how it happened.”

Socialist Party presidential candidate Norman Thomas

Tuesday, April 05, 2011

The boy wonder returns to the cash well one more time

That wee Timmy Geithner is begging for still more money illustrates perfectly the utter incompetence and moral bankruptcy of the Obama administration....

Squeaked the boy wonder as reported by Reuters -- "The longer Congress fails to act, the more we risk that investors here and around the world will lose confidence in our ability to meet our commitments and our obligations," Geithner said in a letter to congressional leaders.

"Default by the United States is unthinkable."

Previously, the Treasury had forecast that the $14.3 trillion statutory debt limit would be reached between April 15 and May 31. As of Friday, Treasury borrowing stood just $95 billion from the ceiling.

The notion of spending less money never entered the minds of these people. They are enriching their friends(and by "friends" I mean large campaign donors) with taxpayer money using the fear tactic of government default to extort the cash from Americans. It is unconscionable that these crooks are still at the wheel as we head toward the calamity of national economic collapse.

1 comment:

Bill Lockhart said...

Have we not already lost everyone's confidence in our ability to pay our "obligations". If there are any investors that think continuing to borrow (i.e. print) more money will make the US a solid investment, they need a new broker.