How Convenient: Geithner Says We Will Reach Debt Limit on Monday

What an amazing coincidence! Just as Barack Hussein Obama is seeking to bypass the “game” he says he won’t play, otherwise known as irritation of having to concede that there are actually 3 branches of government, not just the One in his regal majesty, Tim “Turbo Tax” Geithner informs the Senate that we will reach the debt limit on Monday, not in February or March. From The Hill:

The United States will reach its $16.4 trillion borrowing limit on Dec. 31 and undertake “extraordinary measures” to avoid default, the Treasury Department informed congressional leaders in a letter on Wednesday.

The notice about the debt ceiling came packaged with a stark warning from Treasury Secretary Timothy Geithner, who said the policy uncertainty stemming from the “fiscal cliff” makes it impossible for him to say with certainty how much time lawmakers have left to raise the borrowing cap.

“Given the significant uncertainty that now exists with regard to unresolved tax and spending policies for 2013, it is not possible to predict the effective duration of these measures,” Geithner wrote. …

Under normal conditions, that [moving money around] would buy policymakers about two months to haggle over the debt limit before an increase would be required, Geithner said. The last time the government reached its debt limit, in May 2011, Treasury’s measures delayed the need for a debt-ceiling increase until August.

That worked in 2011, but not now? How convenient! Barack Obama doesn’t want to deal with the “fiscal cliff” separately from seeking an increase in the debt ceiling from Congress, a responsibility that they are granted by our Constitution. Screw that. He wants a blank check, and an end to having to abide by that annoying, outdated program created by a bunch of clueless, dead white European men. He has made tremendous progress in his quest to ignore it, Gangsta-style, but he’s not done yet. Getting absolute power to spend this country into oblivion is the Holy Grail for him and his merry band of Marxists. Right on cue, his Treasury secretary provides the rationale for doing what he has intended all along.

Other than the lapdog Lame Stream Media, who feeds this garbage to the low-information Honey Boo-Boo and Real Housewives audience, who do these people think they are fooling?


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