Jump to content
House Price Crash Forum

Congress Will Raise Debt Limit: Geithner

Recommended Posts


Congressional Republicans have assured President Barack Obama that they would not hold the economy hostage over raising the debt ceiling, Treasury Secretary Timothy Geithner said on Sunday.

But Republicans appearing on television news shows insisted they would not support an increase of the $14.3 trillion borrowing limit without an accompanying deal to rein in future deficits.

"I want to make it perfectly clear that Congress will raise the debt ceiling," Geithner told ABC's "This Week with Christiane Amanpour."

"They recognize it and they told the president that on Wednesday in the White House and I sat there with them and they said, 'We recognize we have to do this and we're not going to play around with it, because we know the risk would catastrophic.'"

Clearly $14.3tr of debt is not enough, the American people demand that there leaders load up on even more debt. Debt slavery for all. GDP is being propped up by all this borrowing therefore the govt cannot stop without revealing the whole charade.

So the deal will be the ceiling gets increased with the proviso that the Govt trys or at least looks like it's trying to reduce the deficit each year which of course will at to the already immense debt mountain.

Viva recovery.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.