Posted by
rycK on Monday, August 10, 2009 10:29:13 AM
Little Timmy
Geithner Calls for New Debt Limits. Up Go Your Taxes! Liberalism is Upon Us.
Our
economy is sinking in a debt-driven deflationary spiral
of immense proportions and now our Secretary of the Treasury wants us to up the
debt. Apparently, they still ignore the salient fact that debt and massive
spending got us into this mess and spending more will only throw us into an
inflationary period that may last decades and degrade our currency. The Chinese
“hate us” for printing money.
The Chinese and Indians know what our
little cretin is doing to the economy and currency.
They WILL NOT
cut spending and now have upped the number of pleasure craft airplanes known as
for 8 Gulfstream and Boeing planes for a cost of $550,000,000??
Will these planes ferry our ‘elected’ officials to the Paris Air Show where
they can ‘do our bidness’ with the French, hookers and influence peddlers?
“Washington -- U.S. Treasury
Secretary Timothy Geithner asked Congress to increase the $12.1 trillion debt
limit on Friday, saying it is "critically important" that they act in
the next two months.””--
Geithner Asks Congress to
Increase Federal Debt Limit By Corey Boles at corey.boles@dowjones.com and
Michael R. Crittenden AUGUST 8, 2009, 12:40 A.M. ET [Emphasis is mine in
all quotes.]
Since
there are only 60 million taxpayers this works out to $201,666 for each taxpayer on average. Just forget that this is a per capita
tax load as very few people pay taxes in this country at the federal level.
That will have to change. Please note that the top 1-3% of the taxpayers will
have to pay 80% or more of this load and many are business owners who can just
shut down business and move out of the country. The USA is now the most hostile place to
do business on the planet.
So, if
they move out as they are doing in CA and NY and NJ already, who pays the debt?
Oh! Sure! We can just keep on printing money, a process known as ‘quantitative
easing.’ That makes me feel better.
In our
last episode, Little Timmy Geithner, the Tax Cheat, danced his little Dunciad
in the presence of competent folk from the People’s Republic and they laughed
at him. He looked like a worm. He cannot lie to them and puff visions of sugar plums up their hinter parts as he
can for the Democrats in the US. His lies are, however, well
supported by liberal Democrats who want to hang on to power even if they have
to trash our economy and society.
Our little elfin being has this to
say:
“BEIJING (Reuters) - U.S.
Treasury Secretary Timothy Geithner on Monday reassured the Chinese government
that its huge holdings of dollar assets are safe and reaffirmed his
faith in a strong
U.S. currency.”--
Geithner tells China its dollar assets are safe
On Monday
June 1, 2009,
By Glenn Somerville [Emphasis is mine in all
quotes.]
Now, I am afraid.
“In his speech, Geithner renewed pledges that the Obama
administration would cut its huge fiscal deficits and promised "very disciplined" future
spending, possibly including reintroduction of pay-as-you-go budget rules
instead of nonstop borrowing.
"We have the deepest and most
liquid markets for risk-free assets in the world. We're committed
to bring our fiscal deficits down over time to a sustainable level.
"We believe in a strong
dollar ... and we're going to make sure that we repair and reform the financial
system so that we sustain confidence,"
he said.”--
Geithner Monday June 1, 2009
Can we
believe this tax cheat or Nancy Pelosi
[a.k.a. Spartacus]
and her rush to spend trillions on bigger and farther-left government?? Didn’t
Obama just chop off the secured bond holders in the Chrysler bankruptcy fiasco? Were these also
risk-free assets? It is hard to believe that Coat Hanger Nancy has not
been excommunicated by the Pope. She has the gall to instruct the Pope on
abortion
What a parasite and a blight upon America.
Our
federal elected officials parasites
must have learned politics from California as
the once Golden
State is turning brown in a storm of bad debt and default. Sloth,
sodomy and drugs—the old liberal recipe for success.
Where do we get these
cretins? How much are these losers in Washington going to cost us?
rycK
Comments
to: ryckki@gmail.com
Here is what the Chinese say:
“Mr Luo, whose English tends toward the colloquial, added: “We hate you guys. Once you start issuing $1 trillion-$2 trillion
[$1,000bn-$2,000bn] . . .we know the dollar is going to
depreciate, so we hate you guys but there is nothing much we can do.””—wild
rant by Luo Ping, a director-general at the China
Banking Regulatory Commission [Emphasis is mine in all quotes.]
Coat Hanger Nancy the Queen of
the Asian massage parlors in San Francisco. The Terminal Financial Psychosis
of California as Seen Through a Green Lens