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TURBOTAX-CHALLENGED TREASURY SECRETARY: Let’s just eliminate debt ceiling to ensure smooth road to collapse

Home - by - November 18, 2012 - 13:00 America/New_York - 16 Comments

Doug Ross

When the founders warned of men without virtue, they had the likes of Tim Geithner in mind:

Treasury Secretary Timothy Geithner said the U.S. “absolutely” should get rid of the debt ceiling as soon as possible… “It would have been time a long time ago to eliminate it,” Geithner told Bloomberg TV on Friday. “The sooner the better.”

…Hey, you know what else isn’t a tenable strategy for the country? Spending a trillion dollars we don’t have on a counterproductively bloated bureaucracy, every year.

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» 16 Comments

  1. Carlos The Jackal

    November 18th, 2012

    Let’s just eliminate having to come up with a pesky budget every year too.
    Oh, wait, seems we already have!

    Thumb up +8

     
  2. FreeMan & Sarah Intend to Defend

    November 18th, 2012

    Let’s, shall we!

    Sooner the better for all of us.

    Let’s get rid of all limits, like the speed limit.

    Thumb up +4

     
  3. Menderman

    November 18th, 2012

    They can raise the debt ceiling to 100 brazillion dollars, and it won’t change the fact that nobody is buying our debt anymore. When they raise the debt limit next month our credit rating will drop again and then printing money is the only option left, and we all know what that leads to.

    Thumb up +9

     
  4. Claudia

    November 18th, 2012

    Let’s eliminate his job.

    Dork don’t gotta clue!

    Noteworthy Comment Thumb up +10

     
  5. StrangernFiction

    November 18th, 2012

    It’s one thing to be led by people who want to redistribute in the interests of gaining power through the redistribution and it is another thing to have people in power who want to have less to redistribute.

    America is led by people who want both. What a sick situation.

    Thumb up +4

     
  6. Dr. Tar

    November 18th, 2012

    Sure wish I could just print money and borrow from myself too, but its not going to happen Timma!

    Thumb up +4

     
  7. Kevin R.

    November 18th, 2012

    I don’t understand what the Obama administration is counting on.

    Thumb up +3

     
  8. Ron spins

    November 18th, 2012

    The Obama administration is counting on
    bankrupting America and installing something
    else other than the constitution.

    Capitalism has failed (say they)

    Noteworthy Comment Thumb up +11

     
  9. Kevin R.

    November 18th, 2012

    Ron spins, I know that. That’s not what I mean.

    Thumb up 0

     
  10. Tim

    November 18th, 2012

    They’re counting on chaos, misery, and death.

    Satan worshippers are like that … yeah they are!

    Thumb up +1

     
  11. Dr. Tar

    November 18th, 2012

    Here’s a novel concept. Let’s put the Dems in charge of the military budget and the Repubs in charge of the entitlement budget. For every % saved beyond a given goal (say 5% cuts in each) then the side with the greatest savings gets to apply the additional savings back to their favorite side of the budget. So if Dems manage to save 10% on the military and the Repubs manage to save 8% the Dems get to apply the extra 2% savings back toward entitlements.

    Just to make sure everyone plays along we’ll add a stick to our agreement. If the Repubs fail to meet a minimum cutting goal then anyone making more than $250,000 will have to make it up in taxes. If the Dems fail to meet their minimum cuts then everyone in the lower income brackets have to make it up in taxes.

    It’ll never happen, but one way or another it would lead to progress on getting the government back to rational basis of operations.

    Thumb up 0

     
  12. Tim

    November 18th, 2012

    Here’s another novel concept:

    If a Member of Congress agrees to spend so little as even one dollar, and cannot justify that expenditure by the Constitution in 10 words or less, we hang that Member by the neck with piano wire in some public place.

    Any other Member who complains gets the same treatment.

    Anyone who practices vote fraud and any politician who wins election through vote fraud gets the same treatment.

    I guarantee they’d buck up real fast.

    Thumb up +7

     
  13. cfm990

    November 18th, 2012

    Sky’s the limit, eh Tim? Must have a family member in the ink or paper business.

    Thumb up +2

     
  14. Nutjob

    November 18th, 2012

    Hey Timmy that must mean you are against eliminating the federal reseve then right?
    I mean these are the guys that’ll make out with no ceiling limit.

    How the hell can a math illiterate moron with 0 understanding of the economy be the treasury secretary?
    The guys have got to be the goofiest bunch of inexperienced asshats the world has ever known.

    Thumb up +2

     
  15. Ten Megaton

    November 18th, 2012

    Because this is the Oblome Administration Nutjob.

    Thumb up +2

     
  16. Bob M.

    November 19th, 2012

    Let’s eliminate DEMOCRAPS!!! :-D

    Woot-woot!!! :lol:

    Thumb up +1