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TurboTax Timmy Warns of Catastrophe
SecTreas Geithner today sent a letter to all members of Congress on the absolute necessity to raise the statutory debt limit. He wrote 'failure to raise the limit' would lead to have 'catastrophic economic consequences that would last for decades.'
Has Timmy woke up and smelled the coffee? By no means. The letter is a choreographed step in the easily-anticipated kabuki dance of endless government expansion and extravagant spending while forcing the future to pay for it all. The GOP has its role to play next. The only real unknown in this charade is when the catastrophe will strike, and who will suffer the most. Timmy will suffer very little if anything besides hurt feelings.
Posted by: Anguper Hupomosing9418 2011-01-06
http://www.rantburg.com/poparticle.php?ID=313342