Treasury Secretary Geithner: "I think for a lot of people, it's going to feel very hard...harder than anything they've experienced in their lifetime...for a long time to come."
Any time some Washington big shot like Ben Bernanke or Tim Geithner claims that immediate spending cuts in the debt deal will harm the economy—ignore them. Completely.
In the latest remodeling of Obama’s economic strategy in front of the 2012 elections, a number of media outlets are reporting that Treasury Secretary Tim Geithner is getting ready to depart after Obama concludes debt ceiling and budget negotiations with the GOP.
Tim Geithner wants to hike taxes on small businesses to help pay the way for people who don’t work at places like small businesses. If Timmy gets his way, if we show a significant enough profit such as more than 250 grand a year, the Marble Mafia will move in and demand an extra piece of the action.
I keep hearing how the choice for the next election is between the guy who saved us from the Great Depression Part II and everyone else who wants to take us back to the policies that created those problems.
Soon Obama will asking the country for more shared sacrifice, in a parody of Churchillian prose, by telling us that he can only offer us “blood, sweat, tears and oil.” Our blood, our sweat, our tears, and Saudi, Brazilian and Canadian oil.
Sarah Palin is a great personality. She was not a good Governor of Alaska, she was not a good candidate for VP, and she will not even attempt to be a candidate for the Republican nomination for the 2012 election.
For months, Treasury Secretary Timothy Geithner has warned that failing to lift the debt ceiling would have "unthinkable" consequences. But many lawmakers are insisting that they will block the federal government from borrowing more money unless budget cuts and spending reforms are part of the deal.
Almost no one is talking about the most serious financial catastrophe taking place in the U.S. today. Instead everyone is focused on reigning in Congressional spending, particularly in areas like entitlements and Obamacare.
You want to get attention on Capitol Hill? Threaten to lower the U.S. government credit rating. When Standard & Poor's lowered its outlook for the United States from "stable" to "negative" on April 18, the news shot through congressional offices. An already hot fight over raising the national debt got even hotter.
The House Republicans want spending limitations, not deficit targets. It’s not a simple semantic issue. A so-called deficit target leaves open the probability of a big tax hike.
The problem with the rising debt burden is too much spending and too little growth. A spending-limitation of 20 percent to GDP would go a long way toward fixing the debt-bomb problem.
Want to know the way to ensure that you'll fall flat the next time you run a magazine? Put Hillary Clinton on the cover.
The Republicans are back in charge in the House of Representatives this week, and not a moment too soon!
The day after President Obama’s big news conference, and on the day Treasury-man Tim Geithner unveiled his Bank Bailout Nation TARP III Plan, stock markets plunged in a vote of no-confidence, with the Dow dropping nearly 400 points.