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FLASHBACK: Geithner Doesn't "See Any Reason to Consider" Payroll Tax Cut

Incredulous2 Wrote: Nov 21, 2012 10:52 PM
What's all the fuss about? Tax cuts or not tax cuts, makes no difference. Gooberment prints the money. Heh, just let them print all the monies necessary to bail us out of debt. No problem see?
rman859 Wrote: Nov 21, 2012 11:12 PM
Printing money is just a hidden tax. Instead of paying a tax directly, your money is worth less, same difference.
Incredulous2 Wrote: Nov 21, 2012 10:59 PM
Oh, but wait! We print what's called "fiat." It's backed (as far as valuation) by the "full faith and credit of the United States." But heh, "zero" already has us downgraded once, and as for that faith thingy, I'd say at least half the citizens have no faith whatsoever in this gooberment. But not to worry. It'll take a complete paradigm shift in just which currency becomes the world's reserve. It's all phony and is nothing more than a slap & tickle scam. Gooberment be goofy and staying on the grid is the height of absurdity. Again, just have gooberment print until problem solved. How easy is that.
In the wake of last year's deal to cut payroll taxes, Treasury Secretary Timothy Geithner was publicly adamant that it would be the last time that payroll tax cuts would be on the table as a way of stimulating the economy.

“This has to be a temporary tax cut. I don’t see any reason to consider supporting its extension” in 2013, Geithner said at a Senate Budget Committee hearing.

Geithner said he supports the extension through the end of 2012, saying lawmakers had taken a “critically important” step toward helping the economy when they struck a deal to...