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Geithner: If Treasury could ask for just one more debt ceiling increase, the amount we’d request “would make you uncomfortable”
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[quote:Philligan:MV8xOTUyMTk2XzMyNzIyMTE1X0Q3MjQ3MTg5] [quote:FierySky:MV8xOTUyMTk2XzMyNzIyMDA2XzU2RjQ3QjQ1] The nation is already crippled. It won't take until the grandchildren get here. What they need is a Catastrophic Insurance plan for Individuals. That needs to be tied in to Social Secutiry and Medicare. That I could agree to instead of ObamaCare. Then, we could all pay for our minor health bills, but anything major, like Cancer or Appendix Ruptures, that kind of thing would be covered. The Government needs to stop funding the Private Sector Research and Development bullshit. If these pharmaceutical giants make so damn much money, they shouldn't be getting hand outs from the government. Neither should Universities. Make these upperclass intellectuals create something for a change instead of spending their lives creating something to study for money. [/quote] Crippled? Not according to all the sheeple that will vote for Obama this year. In fact were thriving. No I mean a collapse. Most families with money in the market will lose everything [/quote]
Original Message
At a Capitol Hill hearing, South Carolina Republican Rep. Trey Gowdy asked Treasury Secretary Tim Geithner a thought-provoking hypothetical question. The congressman wanted to know:
“If this were the last debt ceiling request you could ask for … the final one and you had to make it large enough for all current and future obligations, what would the request need to be?”
Not surprisingly, Geithner didn’t have a ready answer, but Gowdy didn’t let it go. At last, Obama’s only remaining original economic team member admitted, “It would be a lot. It would make you uncomfortable.”
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