An Ol' Broad's Ramblings
Archive for 6 January 2011
Treasury Secretary Timothy Geithner warned congressional leaders Thursday that the government could reach its borrowing limit by spring and failure to raise it could affect millions of American jobs.
NO MORE BORROWING! We can’t pay the bills, don’t freakin’ create them! I still would like to know why this …….person…..still has a job?
The government will reach the limit between March 31 and May 16, Geithner said in a letter to congressional leaders. Not increasing the $14.3 trillion debt limit could lead to job losses, he said.
Perhaps, businesses will feel more confident and begin hiring? Oh, I bet he’s talking about GUBMINT jobs. And THAT wouldn’t be such a bad thing after all!
Geithner warned that a failure to raise the debt limit would mean the government would not be able to make the payments on the current debt, which stands at $13.96 trillion.
You can NOT keep borrowing from Peter to pay Paul. Peter is going to want to get paid eventually, and when that happens, you’re screwed! It’s not that difficult to understand, but evidently, the Obama administration has serious issues. A total lack of common sense, IMHO!
“Even a very short-term or limited default would have catastrophic economic consequences that would last for decades,” Geithner said. “For these reasons, I am requesting that Congress act to increase the limit early this year, well before the threat of default becomes imminent.”
The damage done by these fools is going to have long term catastrophic consequences already. Why the blazes do they want to make it even worse? Well, because that’s what they do! Destroy! That’s what evil does…..destroys!
Get the facts!
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Repeal Doesn’t Increase the Deficit
When now-House Minority Leader Nancy Pelosi (D–CA) was sworn in as Speaker on January 4, 2007, the national debt stood at $8.67 trillion. By the time Pelosi surrendered the gavel to Speaker John Boehner (R–OH) yesterday, the national debt stood at $14.01 trillion. At $5.34 trillion, that means Speaker Pelosi added more than $1 trillion in debt per year during her tenure as Speaker. And yet she has the audacity to tell reporters Tuesday: “Deficit reduction has been a high priority for us. It is our mantra, pay-as-you-go.”
Only someone so out of touch with reality that they could claim that “deficit reduction” has been their “highest priority” while simultaneously adding more than $1 trillion a year to the debt could possibly claim that repealing Obamacare would add to the debt. But that is exactly what Pelosi wants us to believe. Also on Tuesday she claimed that repealing Obamacare would do “very serious violence to the national debt and deficit.” Nothing could be further from the truth.
Yesterday, I sat and watching the doings in the House. I had other things that needed to be dealt with, but instead of getting to my real life, I sat and waited for the swearing in. Why? Well, because after the last 4 years of Democrat control and ruination, I guess I needed to make sure it was going to actually happen!
While watching, I realized something. Dang! “This is boring!” Calling the roll, blathering on, looking at the expression on the face of the Clerk, which, IMHO, was rather sour.
When they finally got to the big show, instead of Nancy Pelosi handing over the gavel with class and grace, she pretty much did the expected. Yammered on, and on, and on….and ON! It was all about her! Well, guess what Nanny! It is NOT all about you! You did nothing to crow about…..well, unless of course, you’re a freakin’ socialist! You lost woman! Couldn’t you show some class? Hoping against hope that was possible! But no. She’s a socialist Democrat, and class is not part of their DNA. Now, I don’t wish harm to anyone, but seriously, I was actually kind of hoping Speaker Boehner would kind of accidentally slip, and clock her in the head with that great big ol’ gavel! sigh…
Now, looking at this map of the U.S., from the New York Times, this morning……
I started thinking….perhaps the Nanny really isn’t aware that she sustained big losses? Not sure how she could NOT be aware, but then, I’m really starting to believe that woman is one taco short of a combo plate!