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View Full Version : Good News: Little Timmie Geithner About To Bail Out



megimoo
06-30-2011, 04:29 PM
Treasury Secretary Timothy F. Geithner has signaled to White House officials that heís considering leaving the administration after President Barack Obama reaches an agreement with Congress to raise the national debt limit, according to three people familiar with the matter.

Geithner hasnít made a final decision and wonít do so until the debt ceiling issue has been resolved, according to one of the people. All spoke on condition of anonymity to talk about private discussions.

The Treasury secretary has said the U.S. risks defaulting on its obligations if Congress doesnít raise the $14.3 trillion debt ceiling by Aug. 2. The administration and congressional Republicans are at an impasse in negotiations to raise the limit, which also is tied to efforts to cut the nationís long- term deficit.

Moodyís Investors Service said on June 2 it expects to place the U.S. governmentís Aaa credit rating under review for a possible downgrade if thereís no progress on the debt limit by mid-July. Fitch Ratings said June 21 it would place the U.S. on a negative rating watch if no action is taken by Aug. 2.

An exit by Geithner would complete the turnover in Obamaís original economic team, with Council of Economic Advisers Chairman Austan Goolsbee scheduled to leave in early August to return to the University of Chicago.

http://www.bloomberg.com/news/2011-06-30/geithner-said-to-weigh-leaving-treasury-after-debt-ceiling-debate-resolved.html

ColonialMarine0431
06-30-2011, 05:03 PM
Don't let the doorknob hit yer arse on the way out, Tax-Cheat Timmy.

lacarnut
06-30-2011, 05:23 PM
He is a scum bag and a liar with those shifty eyes of his. The Treasury has enough funds to pay the interest on the national debt and enough money from current revenues to run most agencies. Some will be affected but there will be no default. The sawed off pissant is tax cheat and a f....liar. Good riddance, you POS.

SaintLouieWoman
06-30-2011, 06:59 PM
He is a scum bag and a liar with those shifty eyes of his. The Treasury has enough funds to pay the interest on the national debt and enough money from current revenues to run most agencies. Some will be affected but there will be no default. The sawed off pissant is tax cheat and a f....liar. Good riddance, you POS.

Tell us what you really think. :D:p

Glad all the economic wizards of Obama are leaving, but God protect us from the ones he'll dredge up as replacements.

megimoo
06-30-2011, 07:08 PM
Debt Increased More Under Geithner Than Under Any Treasury Secretary in U.S. History

Treasury Secretary Timothy Geithner oversaw the largest increase in the national debt of any Treasury secretary in American history, presiding over a $3.7 trillion increase in the debt. According to data from the Treasury Departmentís Bureau of the Public Debt, the national debt has increased $3,723,575,990,130.10 from Jan. 26, 2009 until June 30, 2011, Geithnerís entire tenure to date as Treasury secretary. When Geithner took office the total national debt stood at $10.6 trillion. As of June 30, 2011, it had risen to $14.3 trillion.


http://www.cnsnews.com/news/article/debt-increased-more-under-geithner-under

Starbuck
06-30-2011, 09:46 PM
I absolutely cannot stand the sight of that lying, self serving, jackass. Very few people have risen to the status of 'contemptible' to me, but that son-of-a-bitch has.

Leave. Just leave.:mad:

lacarnut
06-30-2011, 10:12 PM
Not so fast. The last word is that he will stay on for awhile longer. We could not get so lucky. Yuck.