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View Full Version : Geithner: GOP will bear Responsibility for Default




bobbyw24
05-17-2011, 07:11 PM
NEW YORK (AP) -- Treasury Secretary Timothy Geithner said Tuesday that if Republicans insist on passage of their budget plan as a condition for approving an increase in the nation's borrowing limit, they will be responsible for the consequences.

Speaking to a New York audience, Geithner said that Republicans would bear responsibility for the first debt default in the nation's history if they insist they will not vote for an increase in the $14.3 billion borrowing limit unless they win approval of a House Republican budget plan.

"If Republicans try to impose that plan on this country as a condition for raising the debt limit, then they will own the responsibility for the first default in our history, with devastating consequences," Geithner said in a speech to the Harvard Club of New York.

http://rp12.us/aIUOr

AuH20
05-17-2011, 07:25 PM
Go back to your master Geithner.That dog doesn't hunt anymore.

Chester Copperpot
05-17-2011, 07:26 PM
We should indict Geitner as a criminal.

AGRP
05-17-2011, 07:27 PM
If only Timmy paid his taxes.

I Don't Vote
05-17-2011, 07:35 PM
LOL @ default. We don't have to default with a 2.2 trillion budget. If we do default, then it is not because of a balanced budget, it will be a conscious decision.

DailyLiberty
05-17-2011, 07:37 PM
Crazy.

sailingaway
05-17-2011, 07:38 PM
Geithner doesn't even pay his taxes, as I recall. We're supposed to listen to him moralizing to us?

Sola_Fide
05-17-2011, 07:41 PM
We are defaulting right now with our currency.

These people are idiots!

QueenB4Liberty
05-17-2011, 07:52 PM
We are defaulting right now with our currency.

These people are idiots!

qft

torchbearer
05-17-2011, 08:52 PM
We should indict Geitner as a criminal.

+99999999999999999999999999999999
I'd lead the party.

nobody's_hero
05-17-2011, 09:20 PM
Lol. I'm just imagining what it would be like if my credit card company (that I no longer use) suddenly decided to send me a letter telling me that it will be my 'responsibility' for not having more money if I stop deciding to borrow from them.

That's pretty much what Geithner is saying here.

bobbyw24
05-18-2011, 04:55 AM
Lol. I'm just imagining what it would be like if my credit card company (that I no longer use) suddenly decided to send me a letter telling me that it will be my 'responsibility' for not having more money if I stop deciding to borrow from them.

That's pretty much what Geithner is saying here.

Good point

awake
05-18-2011, 05:07 AM
The evil party blames the stupid party; the stupid party blames the evil party; they are both right.