Wednesday, November 21, 2012
The Infinite Debt Ceiling
Tim Geithner's statement of an "infinite debt ceiling" shouldn't surprise anyone. After all, this is a Treasury Secretary who avoided paying his taxes, while insisting all other Americans, aka peasants, do their "patriotic duty" and pay their taxes. It is very difficult to understand someone in Geithner's position to state something so dumbfounding and idiotic. Did this man take one course in basic economics? Or even spend one day in an economics class? If you continue borrowing, at some point in time, you are unable pay back the loan(s). I mean, most elementary school children could probably explain that to Mr. Geithner. When you are unable to pay back loans, the only other course of action is bankruptcy. Surely, our esteemed Secretary of the Treasury understands that. Or does he? If you do a background search on Tim Geithner, you will find most of his degrees are in "international relations." That's right. Mr. Geithner does have a degree in something called "international economics." Obviously, he has studied the European economic model carefully. He thinks what is happening in Greece, insofar as the now mandatory austerity measures, is nothing to worry about. Rioting, people losing their jobs, and violence is collateral damage for an "infinite debt ceiling."
Now, I'm by no means an economics expert. But, I do know how to balance my checkbook. I do know how to maintain a budget. Our federal government is under no such restraint, apparently. Does Mr. Geithner understand that if we keep printing money, without paying it back, it eventually becomes worthless? Does Mr. Geithner understand that with worthless money being transacting across this nation and the world, inflation will skyrocket to levels we have never imagined before? I'm amazed at the ineptitude of supposedly well-educated elitists in D.C. Progressives have planned this for decades now. They want to bankrupt this country in order to make everyone dependent upon an all-powerful federal government. This is their dream coming true. President Obama is on board also. I know that incenses the Obama Zombies. But, explain what else a callous comment as the "infinite debt ceiling" could possibly mean. Sure, by himself, Tim Geithner can't get that dream of a limitless debt. Obama wants to bankrupt this nation. Allowing an infinite debt ceiling would get him to that goal.
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