Geithner Foresees "Very Hard Choices" In Controlling Deficit

[oldereb38]

The Federal Reserve, like any Ponzi scheme, must have new capital or it will collapse. Higher debt limit merely postpones the inherent collapse. The FRBNY handled $8.4 trillion from T-auctions last year and hid the profit from Congress. Is that embezzlement?  Ref. 3W scribd dot com message 49040689 RIP OFF BY FEDERAL RESERVE

[chadgresham]

Pure Demon!!!! I didn't know that they are interviewing Satan these days WOW!!!!

[SinisterSkip]

Is Geithner's facial expression of constant eyebrow raising a sigh of him being eternally brainwashed and corrupt?

[cooperbry]

Amazing how all politicians want to "prepare the American people" for the inevitable day that we become surfs and part with 75% of our earned income. Isn't that a revolt that founded this country? Amazing how comfortable people get in such a short period of time.

[callouschristian]

Just heard Geithner is getting fired. What a deal for him! He comes into his job to help AIG rip the American People off to the tune of 16.5 billion just so they could pad pockets of the wealthy and he "loses his job". USA is amazing. You sell crack to feed your family and get life in prison. You destroy the financial foundation of the country, "lose your job".

[hidasmuttakankea]

Fucking bankers!! Murdering and stealing people and now they dare beggin for a help!

Fuck You Geithner!

[Warhorse46]

Geithner answers to Goldman Sachs and other bankers. His loyalty to the US Constitution is non existent. He is a traitor and should be executed as a traitor, along with Bernanke.

[GCOUNDOU]

Geithner is a key driver of the Plunger Team and is responsible for driving the fake stock market rally, since March, which will ultimately fail and lead to trillions of dollars of lost wealth for the US investor. He is a weasel and a snake.

[HR1207auditthefed]

Geithner is a Traitor and he admits it here> /watch?v=e_I4CYhk6P4 After watching it you tell me if he admits it. Why else would he say "Your Government" when referring to the Government of the United States of America?

[chloes27y3]

I watched this entire interview. He did not answer one question directly, just seemed to basically have a set of statements or points that he wanted to get out regardless of what the questions were. I was disappointed that George allowed him to get away with not answering any questions directly. Tim came off as slippery (not to be trusted), and as a concealer of truth. Very disappointing:(

[Ikemxx]

of course not. If he mentioned "new taxes" people would be in an uproar and would hang him in effigy.

[jdawg23456]

Geitner you stupid bastard, we're tired of you and your elitist cronies's bullshit. You make no sense. We're going to fix the deficit by implementing national healthcare?! So you're not planning on using the healthcare money for actual healthcare? You're going to pay off the deficit with it. Keep this up and we'll storm your office and through your ass in the street you sorry piece of garbage.

[airraideagle]

those fucking scumbag New World Order CUNTS have STOLEN tens of TRILLIONS of dollars from the american people, and now those same cunts have the BALLS to say that the American people will now have to PAY for all the fuck-ups of wall street, and to pay for more wars in the future. They should be thrown in fucking prison and left to ROT.

BTW Obama is merely a PUPPET for the new world order global elite running the show

[phnixlady]

We don't have any freakin means to live within, you lying piece of robbing garbage.

[RoyalDemonforChrist]

of course they are going to raise taxes on everyone.

[PresidentTeleprompte]

Notice the commie simply says there are some difficult decisions but he doesnt say what they are. We are going to do "what it takes".

[jahguy7]

"the people of the united states need to understand" -- Ok, I understand already, jeez.

[thereallurker]

Damn Repugs, they're NOT fiscally conservative. They spent everything on war and the trivial and left nothing but crisis.

[ladylordess]

Quit whining and wake up to what is going on NOW!! R or D or other............. It doesn't matter.  LOOK what is going on in this country!!!!

[ChimpBama]

Hope & Change =

Tax & Spend =

Fraud & Waste =

LIES & Socialism

[doverlin]

Sounds like Argentina all over again. If you will just tighten your belts, everything will get better . . . yeah, right.

Meanwhile, bankers pay themselves record bonuses this year on fraudulent profits that we, the taxpayer, injected into their greedy ham handed paws.

You people have been sold down the river and still believe that you have representation watching out for your interests. HAHAHAHAHA. Slaves.

[countess1900]

For all of you saying "hang the liberals, they're destroying America" and "f**k the conservatives , they're destroying America". Geitner et al already have and appear to be determined to do the latter. Guess what, they didn't care what you call yourself, we all got screwed.

[fillosofert]

Why should people pay more taxes when the wall street bankers gets a free ride?

[eibwarrior]

Good tap dancing Timmy. Keep it up. The middle class in America is about to become an endangered species.

[burntonion05]

Tax and spend

Borrow and spend

Pay my bills on a credit card

Pay my bills with a check from my bank acct.

These are all the same if you are a moron neocon repub. Go figure

[phineastbuster]

Tim Geithner, aka the little Gnome, is a prime example of an individual that is so far over his head it's pitiful. So much for an Ivy League Education.

We need a Secretary of State that inspires confidence, not a "pencil neck geek".

[MrPisster]

Every time Steffy tries to advance the conversation to what we're going to do Geit says "we're not at that point yet".

YES WE ARE Timmy, and you're making yourself look dumb and like you have no freaking clue about what to do other then stay on talking points to ram this shit down our throats.

[helltrackrider]

he has never had a clue.

[seeya30]

This scum bag just stole23.7 trillion and now wants you to pay for it. If you people believe what this moron says I feel sorry for you. If you have brains get your house in order, and get ready.

[iron1215]

Take the rich people money until they are middle class. Then take the middle class money until they are poor. Now the playing field is level and wealth distribution is complete. It's the American way. All are equal. No one has more then the other. We are all Comrades. We all must work as one for the motherland.

[deftech79]

Very Hard Choices = TAX TAX TAX TAX

Come on, is this even surprising to anyone? Liberal agenda has always been centered on huge government, massive spending, and taxing the life out of everything in sight.

[bughead152]

Democrats plan= TAX and SPEND.

When they get tired of that they SPEND LIKE A CRAZY PERSON and then cry we must RAISE TAXES.

TAX AND SPEND

SPEND AND TAX

Who saw that coming?

[burntonion05]

Repubs plan = Borrow and spend

At least the Dems can balance a budget and not expect the future generations to pay their bills.

Question for bughead: How much of our Nat Debt was accrued during a Repub WH? You can round it off if you like or just give a percent. I will be waiting.

[helltrackrider]

Borrow and Spend / Tax and Spend...same result.

Fact is, 90% (or more) of the money the Dems are proposing to BORROW AND SPEND (then Tax later) is UnConstitutional and only being forced through to expand Government and not to secure our nations borders or protect our individual Rights.

Healthcare plan...JOKE. Buy out private companies...JOKE. Cash for Clunkers...JOKE. Stimulus Packages...JOKE.

TREASON.

[burntonion05]

"Borrow and Spend / Tax and Spend...same result."

That is like telling someone that paying all their bills with a CC is just as smart as paying for it with money in the bank. You are a moron son. Go to school and stop this madness.

[helltrackrider]

Moron?

What do you call this Presidency and Congress???

They are paying on CREDIT and telling us Americans "it is necessary to help the economy"...all in the mean time just planning on taking more control of our earned wages, property and labor.

If you Tax and Spend...you get the money through taxes, more gov't intervention in your life.

If you borrow and spend...you get the money through future taxes, more gov't intervention in your life.

SAME RESULT.

You sir need to wake up.

[burntonion05]

You don't even know how stupid your statement is and that is why I am done arguing with you. You are not worth my time.

[helltrackrider]

right...my statements are "stupid" because they have content and actually are based on principles...

and your statements are relevant?

you are done arguing with me becasue you are a drone that has sipped a little too much kool aid and has never taken a minute out of your life to further expand your knowledge base.  Keep running your brain on public education alone, it is the way they have trained you and the way that they want you.

I dont understand why people DONT WANT LIBERTY!?!?!?

[burntonion05]

You want liberty? Not just the word liberty like you neocons like to throw around like it came free, then I suggest join the military. Either that or stfu.

[helltrackrider]

your ignorance...it actually amazes me.

You NeoCons? I'm VERY FAR from that.

and yes, Liberty is FREE. (See the Declaration of Independance).

Unfortunately, now and since the Civil War, we have had Marxist believers that actually believe it is MY responsibility and duty to take care of someone else...and forceably steal my Labor through taxation (without representation i might add)...go back 235 or so years, the Colonies fought for independance for ALOT less than our taxes are today.

[burntonion05]

"Liberty is free or the word on my bumper styker." Says the neocon.

Sorry but some people had to fight for it and some even gave their lives. Have some respect.

[helltrackrider]

Our forefathers fought for freedom from a tyrannical system that was not representing them...Liberty and Rights are granted to us from our creator...and yes, it has required conflicts in the past to keep these secure. But they are vested in EVERY man and woman born, and hence, are free.

You and your liberal beliefs and policies are the ones having NO respect for those who fought for our Freedom and to preserve our Liberty...you are destroying everything they stood and fought for.

[burntonion05]

So you are saying our LIBERAL forefathers are upset at me because I am liberal? You really do need schooling.

Freedom isn't free unless you are talking about a bumper sticker. Sorry to break the news.

[helltrackrider]

LIBERAL forefathers???

YOUR LIBERAL beliefs today are FAR off our forefathers...our forefathers were Libertarians, Constitutionalists and EXTREMELY Conservative...they in NO way believed in the ideals that you, Obama and Pelosi share. These are the very same ideas that they were afraid of.

Thanks for running our Constitutional Republic into the ground and transforming this country into an Oligarchy/Democracy...you are commiting treason and you and ALL of your liberals should be exiled.

[helltrackrider]

Please, before you respond anymore without logic or facts...go brush up on how the GOVT actually "acquires" its funds to buy out private companies, propose stimulus bills, pay for healthcare and other unecessary and unconstitutional acts.

Read the Constitution and the enumerated powers of Congress...do you see healthcare? do you see overtaking private companies? do you see welfare? do you see social security? do you see unequal taxation? Do you see Medicare?

The answer is NO.

[burntonion05]

So you can't answer my question? I guess you are in denial. Go kill yourself you moron.

[helltrackrider]

you never posed a question retard.

[MrPisster]

JEEZ don't you know by now they are all on the same playing on the same team? Its the "we F you in the pants cause we own D.C." team.

[burntonion05]

Jeez louise please

[bughead152]

Were going to go bankrupt as a nation, Biden said. Now, people when I say that look at me and say, What are you talking about, Joe? Youre telling me we have to go spend money to keep from going bankrupt? Biden said. The answer is yes, thats what Im telling you.

CRAZY

Bush, who was not a conservative, spent too much money...by comparison, Obama is spending INSANE money. If Bush's reckless spending was bad, what do you think Obama's 'totally-out-of-control' spending is?

[burntonion05]

Fix health care, end the 2 wars, and cut National Defense spending by 1/4 or more. Nobody is going to attack us and we waste way too much money on defense and stupid wars.

[helltrackrider]

...Burntonion...

why not cut Welfare, Social Security, Medicare, Food Stamps, Foreign Aide...?

This would end ALOT of wasteful spending.

[burntonion05]

There is no easy answer. All that you have mentioned have consequences. The reason I think a cut to defense spending is needed is because the cold war is over and there is no need to spend so much on fighting the current threats.

[helltrackrider]

Consequences?

Look at the consequences we are now suffering due to these UnConstitutional programs...not to mention the Federal Reserve and how it has fucked us.

And, explain to me how the "Dems" can balance this budget and not expect future generations to pay for Obama-Pelosi-Reed's UnConstitutional spending??? Also, not ONE Republican, hell...EVERY PRESIDENT COMBINED...has spent more than THIS Democratic Congress and President...cant wait to see what my tax rate is next year!!!

[vllmer]

Living within our means...that means cutting spending.

"revenue neutral" translates as pipe dream. Medicare has blasted well past its original estimates. Social security is on road to ruin.

Do not trust these buffoons to handle nationalized medical rationing bill filled with all kinds of language that seems to control people.

[caltvater]

Some very hard choices, so let's tax the middle class and things will get worse! And healthcare reform is a smoke screen. If the Dems get what they want, there will be more waste and fraud in healthcare. Currently, fraud is not a problem with private healthcare ins. However, it is with medicare and medicaid! And these idiots can't even get cash for clunkers right.

[cutator]

Economic advice from a TAX CHEAT!!! Give me a brake.

Hey DEMOCRAPS and you JACKASSES that voted in the MORON we call President HOBAMA.

Inherited a 1.6 Trillion dollar deficit. Tell the truth you piece of crap.

They include the tax cuts from 2002 and 2004 in that figure.

The difference between what this congress and Obama spent in March 1.2 Trillion(1 month) vs, Bush (Tax Cuts included) but spent 1.6 over 8 years.

Get ready to be taxed to death....

[ajadog]

can't wait for the pres to raise taxes on the middle class - that will make me so smart!!!! because you know I knew it would happen.

[RoyalDemonforChrist]

no timmy. i am not on board with this. good bye

[Nightrunner529]

Read TAXES are going up. The big Obama lie will soon unfold when our taxes go up. Where's "the change we can believe in"? lol. With his poll numbers sinking like a rock, we'll be rid of this worthless left wing empty suit radical in 2012.

[mictamper]

HEY INDI:

"Republicans are a bunch of ignorant malcontents" then you state: " ...retreat into the political netherland of subjective hate and fear." Who's being subjective and hateful here?

As long as you continue to view others with sweeping generalizations, you will continue to be part of the problem.

[mictamper]

what does this have to do with me?

[ScottfromTexas]

How will you do that? The media has locked you in to the false dichotomy of Rep. vs. Dem. AIPAC controlls both parties. What "choice" did you have last time? If you sit around hoping for a real alternative in 2012 you will be very disappointed. The media is already trying to shape the election to be Palin, who they can skewer, or Romney, Thompson, etc.... all CFR/AIPAC clowns. Until you are ready to back a real candidate and back it with real threat of revolution, nothing will change.

[mictamper]

thanks for the facts and logic scott. emotion has been driving most of the comments on this board. the sooner we "demythologize" the elements that shape our lives, the better.

[ScottfromTexas]

"Geithner" "Goldman" "Sachs" The Jews were doing this very same thing to destroy Germany in the 30's until Hitler saved his country by getting it off the Jew banker system of debt! Then the Jews declared their intent to destroy Germany and used their banking interests to get the Brits and Americans to die for their banking system. Look up "Judea declares war on Germany." Most of the history you think you know are facts stood on their head. Jews as perpetual victims - how real is that?

[eqsmooth]

The University of California gave more money to Obama's campaign than Goldman Sachs. Being a Jew hater will hurt you. Your comments are being recorded & you can't back away from them. There is no conspiracy of Jews. The Jews were the first slaves in recorded history. They built the pyramids for the Egyptians. Spend your time going after the Taliban & al-qaeda. Do I support militarizing Israel? No, but that doesn't make me a Jew hater. Palestine deserves statehood. You make Texas look really bad.

[ScottfromTexas]

Oh, how many people with ties to Goldman Sachs are in his administration vs. University of California? How big of a bailout was given to University of California? No conspiracy of Jews, it just so happens they are grossly overrepresented in the highest levels of government and in banking and in the media and it just so happens that we give more aid than to any other country to a tiny, rich country club of a nation just for Jews in the Middle East. Our support of Israel is being recorded.

[eqsmooth]

Why don't you call for affirmative action? You are likely dumber than the average Jew so you should get a position in the highest level of government. Great smart white Governor you have down there, you schmuck.

[ScottfromTexas]

Imagine if we had French citizens in our State department and spread throughout our government and imagine that government sending US citizens to die to fulfill France's agenda in foreign lands. Meanwhile, these Frenchmen control the banking system, Wall Street, and the media and all use their influence to portray France as deserving of our support by making them out to be victims, even as France is murdering people? Imagine France subsidized to the level that Israel is subsidized by the US.

[eqsmooth]

You been to France? Not likely. Intelligence and intellectualism are celebrated. Their philosophers are rock stars. Ted Nugent isn't a philosopher. But I try not to imagine anything. I read, listen to public radio,and try not to read INTO anything. I try not to see the differences between humans, but similarities. Stores where I live employ Jews, Palestinians, other Musims, Hindus & Christians.They are happy. Scott is a bitter white man upset that smart BLACK MAN is president. 3 more years. Sigh

[ScottfromTexas]

So, those Palestinians have to pay taxes that go to support the IDF murdering their families - how nice. You been to Israel? Why does ONE group get a homeland and no one else? Would you support a homeland given to Whites? Yes or no? Kinda trapped now, aren't you?

[PresidentTeleprompte]

You revealed your anti-white bias you commie scum

[IndiMusicLover]

Oh yeah because its a really good and sane thing to burn civilians in ovens....you're a loser piece of shit moron, but I'm sure you know that deep down inside.

[ScottfromTexas]

What are you talking about? I'm sure there is a crematory in your town. Go protest it if you feel so strongly about it, guy.

[stormin1961]

being lectured too by Geithner and the Democrats about taxes is like being lectured to by Hugh Hefner on the virtues of celibacy.

[Richardgwm]

If not for Bush, our debt would have been largely paid off by now.

[MrHelldogger]

HaHaHaHAhA! God I wish I was still that young & dumb.

[Richardgwm]

You do know that under Republican presidents the budget deficits increase and under Democratic presidents decrease, right? This is not a new phenomenon. Sure it happened under Reagan, Bush, Clinton and Bush. But this finding holds true all the way back to the formation of the modern parties.

This finding is true even when controlling for inflation, party holding Congress, war, etc. It is an established fact.

Republican presidents increase budget deficits, Democratic presidents decrease them.

[MrHelldogger]

O.K. I'm saving your post & will remind you of it in about a year. Reagan had to spend $600bil to rebuild the military that Carter destroyed & Bush(whom I detest) had to fight a war(or at least pretend to fight a war) that Clinton swept under the rug in between blow jobs. Everything that R. Reagan sacrificed to accomplished has been destroyed by the Bush-intons & the Clint-ushes. Now their love child, Lil' Oily Brown is putting the final nail in Lady Liberty's coffin.

[Richardgwm]

Republicans deliver excuses. Democrats deliver results. The facts are what they are. Republican Presidents increase deficits, Democrats reduce them. This is not a Reagan phenomenon, this goes all the way back to 1860.

By the well, once again, every objective economic indicator performs better under Democratic presidents than under Republican presidents. EVERY ONE.

Republicans are just bad for the economy.

[MrHelldogger]

HaHaHaHAHAhA! I hope you realize the Bushes have always been liberals & have done more for the dems than they ever did for repubs. But I will concede & agree, repubs deliver excuses & that is why I, and so many others, have left & gone on to more productive, conservative partys. And dems do deliver, they deliver high taxes, low freedom, welfare, food stamps, anti-Christian bigotry, racial unrest, globalism, & don't forget NAFTA.

[Richardgwm]

Every objective economic indicator performs better under Democratic Presidents than under Republican Presidents. EVERY ONE.

This is not a new finding, it holds true for every period since the modern parties were formed for which data is available.

These are the indisputable facts. Republicans are bad for the economy.

[MrHelldogger]

Life was wasted on youth.

[Richardgwm]

I earned my Phd in economics from the University of Chicago in 1974.

[MrHelldogger]

Say no more. You must be embedded Red to the gills. Chicago, uh? The perfect communist utopia there. But please, I don't think the rest of us could stand the euphoria.

[IndiMusicLover]

Despite all your trolling, the GOP still has no power and is a dead party...ha ha!

[MrHelldogger]

Why on earth are you telling me about repubs & GOP? I'm a conservative. I belong to the largest, fastest growing, most dynamic political movement in the country. And you follow the oldest, most failed, most worn out political philosophy known to man.

[Richardgwm]

You are demonstrating your ignorance. Google "Chicago School of Economics". You might learn a few things.

Does the name Milton Friedman ring a bell?

[MrHelldogger]

I'm too busy paying the bills. You'll have to do all my googling for me. You want me to pay your bills, you do my googling.

G. Washinton had a dream too. And it DID NOT involve handouts. It was built on opportunity, ambition, hard work, personal generosity & sacrifice for country, not for lazy shiftless cocksuckers that want to ride for free.

[Richardgwm]

It is very amusing that you claim to be a conservative yet you have no idea who the most prominent architect of the modern conservative movement is.

Willful ignorance.

[MrHelldogger]

You got me there. Hell I didn't even know there was more than one conservative movement. I'm stuck here in the same one I've been in since 1776.

I've got a feeling I'm not gonna like the new one, especially if it involves any limp dick imposters.

[Richardgwm]

Learn something about the beliefs you claim to hold you ignorant fool.

[MrHelldogger]

I'm still waiting for you to tell me about the "modern conservative movement". I guess that is a bit foolish.

Michael Savage? Ann Coulter? Who?

[Richardgwm]

Well, we have established you do not know Milton Friedman. I guess there is no hope you are familiar with Galbraith or Arthur Laffer either.

You are ignorant of the very arguments that support the views you claim to hold.

You are driven by emotion, and have a very limited intellect.

[MrHelldogger]

So are these your leaders of the "modern conservative movement". If so you are absolutely correst. Please tell me all about it.

[MrPisster]

and your radical left wing professor taught you all that didn't he?

[stormin1961]

well this current Democrat administration and Congress sure blows your argument all to hell!

[Richardgwm]

Uh. no it doesn't. In fact so far the economic performance has been great. The S&P500 is up 15% since Obama took office. There are very good data that indicate the economic freefall has been halted, and that growth has resumed.

The worst that can be said about the performance of the economy under Obama is that it is too early to judge. The economy is poised to do very well under this President.

[stormin1961]

so now your side is all excited about the "obscene profits" being made on Wall Street. that's certainly a switch. what about poor old Main St. America? isn't that the side your party is suppose to be fighting for. if Wall St. is getting richer but Main St. is still getting poorer, then isn't Obama just another Republican for corporate profits instead of blue collar pocketbooks? any news about Obama's 650,000 jobs created by the end of this summer? last i saw jobless claims shot up again.

[mictamper]

economic performance has been wonderful... the dollar has lost around 96% of it's purchasing power since the fed took over in 1913. it's worth about .04 cents. this is a fact. i'd say it's TOO LATE to judge.

now here's tom with the weather.....

[jhamm999]

then if thats true tell me why under fdr the debt as a percentage of gdp was 110%/

[styleomatic]

This is horseshit propaganda from the network. How about giving some airtime to a family whose breadwinners are unemployed?

Why doesn't geithner mention cutting our massive federal government spending as an option?

Why doesn't geithner mention writing off federal reserve debt?

The Federal Reserve is the one responsible for the mess we're in.... and raising taxes will spur growth???? It will keep the little guys DOWN!

[Richardgwm]

Ron Paul is a moron.

[styleomatic]

i'd love to see things from geithner's point of view but i can't seem to get my head that far up my ass.

[mictamper]

I guess that means the 282 House Co-Sponsors of Ron Paul's HR 1207, "Audit The Fed" bill are morons too. Almost veto-proof now.

[MrPisster]

Audit the Fed.

[helltrackrider]

Amen, Audit the FED

[styleomatic]

Geithner, who worked for the federal reserve NY bank, was picked by obama as our treasury secretary. You heard Timmy: YOUR PRESIDENT CARES ABOUT YOU!! If he did care, the first thing he'd do is fire geithner.

[ecwaufisxtreme]

Geitner is Sarah Palin's DICKLESS and BALLESS BITCH and PUSSY! Palin is a SUPERIOR politician and statesman than Geitner could ever be. She is also MORE MAN than he is for Geitner wears the skirt in his family while his wife wears the pants! President Palin will pick a SUPERIOR Secretary than Geitner and it will be a CONSERVATIVE WHITE WOMAN!