FREEDOM FORUM: Add a Comment

Article Image

• The Golden Truth

Who Is Geithner Kidding? The Treasury announced a record $75 billion quarterly refunding auction next week. The number of Treasury auctions have doubled from 36 to 72 over the past year. In the same breath, Treasury Secretary Tim Geithner "has pledged to reduce government borrowing to a sustainable path once the economy returns to firmer footing." http://www.marketwatch.com/story/treasury-plans-to-sell-a-record-amount-of-debt-2009-08-05 Seriously, who is he kidding? He made a similar comment to an audience of Chinese university students in his spring trip to China and they laughed at him. The reality is that the Obama Government essentially quadrupled the spending deficit in it's first year from the deficit level in Bush's last term ($500 billion to $2 trillion, roughly). But I would love to see the real spending numbers, and thus the real deficit, because multi-billion spending programs like the war on terror and the Government takeover of Fannie Mae and Fred

News Link • Global Reported By
Max 1000 chars
Tag as "Crude or Lewd"

You are free to comment on this discussion in any way you feel is appropriate. If you choose to use to use any language which our editors feel is vulgar -- by their standards -- your comment may be tagged "Crude or Lewd" and may be filtered out of the discussion by those who prefer not to read that sort of thing. If you know you have entered something which will cause your comment to be tagged, we ask that you tag it yourself to save us the time. We do encourage everyone to be civil and not make rude attacks on other people in the Forum. We don't censor out those remarks, but few people enjoy reading them and we would like participation in our Forums to be a pleasant experience for everyone. And, by concentrating on what is said instead of who is saying it, even those who may disagree with you will be more likely to consider your opinions valid.

Thank you for your cooperation!