Geithner - "How Big Would Be Treasury Dept's Very Last Debt Ceiling Request?"

[gunDriller]

If Hem'ing & Haw'ing & NOT ANSWERING THE F'ING QUESTION were gold, this man would be very wealthy indeed.

Geithner is asked by Rep. Gowdy of South Carolina, "If you were allowed to have one last final debt ceiling increase, how big would it have to be ?"

Classic !

http://www.youtube.com/watch?v=gIp4JvKL9Oo&feature=player_embedded

[gunDriller]

http://www.youtube.com/watch?v=gIp4JvKL9Oo&feature=player_embedded

[Spectrism]

Notice the presumption all are accepting is that we MUST have increased debt. No thoughts about even reducing debt.

[Hatha Sunahara]

Ron Paul would reduce that number significantly by ending the wars, and dumping government agencies that do more harm than good. How much money would they need if they ended all the military aggression, got rid of Homeland Security, The Education Department, the Energy Department, the FDA, the Housing Department and a few others. They might be able to finance the government with tax revenues alone. They might even be able to reduce taxes if they stopped giving welfare to the super wealthy.


Hatha

[Libertarian_Guard]

http://www.youtube.com/watch?v=-_N0Cwg5iN4&feature=player_embedded

[ximmy]

http://www.youtube.com/watch?v=-_N0Cwg5iN4&feature=player_embedded


http://2.bp.blogspot.com/-iYY745qjObs/TdSAtLxz9RI/AAAAAAAABsg/OTiI0_B8rDU/s1600/DSC_0001.jpg

[osoab]

What the fuck was Timmy going to say? Infinity?

Honestly, it was a loaded question. He isn't the one that keeps spending, he is only keeping up with what the rest of .gov is doing. Granted he is a banker stooge fuckhead, but he is fairly powerless when it comes to debt ceilings being met.

Give the guy some credit. He does know how to pilfer other funds to keep .gov going while CONgress shuffles it's feet.

[gunDriller]

a good transcript of the video @
http://truthingold.blogspot.ca/2012/03/how-much-treasury-debt.html

"Tim Geithner (along with Bernanke) was testifying before the House Committee on Government Oversight and Reform yesterday. Congressman Trey Gowdy (R-SC) - in a display of forcing Geithner to answer a question directly that Ron Paul should take notes on - asked Geithner if he had only ONE more debt increase request that could possibly be made, how big would it be.

After trying to shuffle - very awkwardly, I might add - around answering the question, Geithner responded with, "It would be a lot - it would make you uncomfortable." Here's the exchange, which I found spine-chilling:

Geithner: “That I’d have to get to you in writing, I can’t do it in my head though.” (note: in the background someone says "he can't put that in writing.")
Gowdy: “How about a round number?”
Geithner: “No idea….
Gowdy: “$20 trillion?”
Geithner: “I just can’t do it in my head.”
Gowdy: “$50 trillion?”
Geithner: “I don’t know..."
Gowdy: “A lot? Can we agree it would be a lot?”
Geithner: “It would be a lot. It would make you uncomfortable.”

[Horn]

Did he say that Congress controls the debt ceiling?

That answer's rigged.