Saturday, November 17, 2012

Lifting The Ceiling

Because it's such a pesky nuisance, reminding the government how much they owe:
Treasury Secretary Timothy Geithner said the U.S. “absolutely” should get rid of the debt ceiling as soon as possible.

“It would have been time a long time ago to eliminate it,” Geithner told Bloomberg TV on Friday. “The sooner the better.”

Geithner did not commit to personally doing anything to eliminate the nation’s legal limit on borrowing. When pressed on the issue, Geithner told Bloomberg TV: “This is only something only Congress can solve. Congress put it on itself.”
Pretending that you can spend money you don't have isn't the answer here...

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