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Geithner: We Should Eliminate the Debt Ceiling (New Video)

 
Philligan
in rainbows

User ID: 2530194
United States
11/18/2012 02:40 PM

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Geithner: We Should Eliminate the Debt Ceiling (New Video)
Treasury Secretary Timothy Geithner says he believes the U.S. debt ceiling should be eliminated in a new interview with Bloomberg’s Al Hunt.

“Do you agree with Alan Greenspan that we ought to just eliminate the debt ceiling?” Hunt asks Geitner.

“Oh, absolutely,” he replies.

The Treasury estimates the United States will surpass the debt ceiling — a legal restriction on the amount of money the U.S. government can borrow — at the end of 2012. The current debt ceiling is approximately $16.4 trillion.

Congressional action is required to increase the debt ceiling.

[link to freebeacon.com]

Last Edited by Philligan on 11/18/2012 03:31 PM
everything in its right place
Anonymous Coward
User ID: 27974163
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11/18/2012 02:43 PM
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Re: Geithner: We Should Eliminate the Debt Ceiling (New Video)
So they can print money forever and stack up as much debt as they want?
Philligan (OP)
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11/18/2012 02:55 PM

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Re: Geithner: We Should Eliminate the Debt Ceiling (New Video)
So they can print money forever and stack up as much debt as they want?
 Quoting: Anonymous Coward 27974163


yea of course
everything in its right place
Anonymous Coward
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11/18/2012 03:24 PM
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Re: Geithner: We Should Eliminate the Debt Ceiling (New Video)
complete and utter insanity, unless of course youre hoping to enslave the people....
Anonymous Coward
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11/18/2012 03:26 PM
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Re: Geithner: We Should Eliminate the Debt Ceiling (New Video)
Why bother eliminating it when they already disregard it??

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