Geithner : Americans are "going to have to go back to living within our means."

[Scataphagos]

Quote from Lucrum:

Geithner : Americans are "going to have to go back to living within our means."


That's easy for him to say. He doesn't pay all of his taxes.

Doesn't than make his "means" greater?

 

[makloda]

Quote from ByLoSellHi:

Translation: Get ready for the government tax-you-up-the-ass with higher income taxes, capital gain taxes, sales, fee, permit and service taxes.

Exactly that. The US has a huge reservoir of "unused tax hikes" compared to the UK and Europe.

That will enable the US to pay the interest on all the debt they're issuing now, at least for a while.

 

[Daal]

Funny thing is, if he is right he wont be on that job for long

 

[TraderZones]

Quote from ba1:

Most of all that means a government that lives within our means. Also one that doesn't interfere with our means of making a living.

Until then we a just a bankrupt empire whose liabilities greatly exceed our assets because of welfare, entitlements and spendaholic government overbeings who are rapidly digging the hole deeper into an asteroidal crater. This includes the AGW CO2 thermal runaway nonsense, we are getter colder now, likely due to greatly decreased solar activity.

Fixing the economy is still simple at this moment, simply we oldies have to work longer and later with medical freedom to choose treatment and transparent billing, but we are at the threshold of going exponentially into ruin.

+1

 

[TGregg]

Quote from Daal:

Funny thing is, if he is right he wont be on that job for long

Not really. You have to learn to interprete political speech. In this context

Quote from Timothy Geithner:

Americans are "going to have to go back to living within our means."

Means get ready for a poor America as taxes, unemployment, federal debt and inflation soars. And it's all the fault of the taxcuts, which required multiple trillion dollar bailouts.

 

[matgallis]

Just default already and move on.

 

[Angrycat]

Oh, well, gee....now Tiny Tim has totally confused me.

Aren't they trying to get the consumer to consume and for government to spend spend spend because Keynes insists that's the only way to blow out of a recession? They've totally distorted even keynes, but never mind. And who's this "we" he keeps talking about? Does he have a mouse in his pocket?

BTW, with increased taxation and more regulation your "means" are about to get real small. So, Tiny Tim and his Papa Bear at the Fed, along with the Obamessiah at the helm are hoping y'all can all get used to living within the same means your grandparents had.

 

[Scataphagos]

Quote from Angrycat:

Oh, well, gee....now Tiny Tim has totally confused me.

Aren't they trying to get the consumer to consume and for government to spend spend spend because Keynes insists that's the only way to blow out of a recession? They've totally distorted even keynes, but never mind. And who's this "we" he keeps talking about? Does he have a mouse in his pocket?

BTW, with increased taxation and more regulation your "means" are about to get real small. So, Tiny Tim and his Papa Bear at the Fed, along with the Obamessiah at the helm are hoping y'all can all get used to living within the same means your grandparents had.

All of this mess MIGHT have been avoided.. but certainly posponed by decades... had not Congress decided to disobey the 1987 "Gramm-Rudman-Hollings" bill which was signed into law and mandated a balanced budget.

The law was never repealed. Just intentionally disobeyed... guess if you're the government you don't have to obey the law any time it ceases to be fun.

 

[Humpy]

Americans are "going to have to go back to living within our means."



Does that mean no more triple helpings of French fries and extra big Macs ?

Oh Lordy whats the world coming to ?

I'se nearly down to me last billion

 

[Angrycat]

Quote from Scataphagos:

All of this mess MIGHT have been avoided.. but certainly posponed by decades... had not Congress decided to disobey the 1987 "Gramm-Rudman-Hollings" bill which was signed into law and mandated a balanced budget.

The law was never repealed. Just intentionally disobeyed... guess if you're the government you don't have to obey the law any time it ceases to be fun.

I'm sure it hasn't escaped your notice that congress believes itself to be above the people of the United States (different rules for their health care than for ours), above the law and certainly well above the constitution.

When will Americans wake up from the drugs of redistribution of income and realize that they have just been temporarily pacified by their congressional overlords as they shredded the constitution and consolidated power over the people as they sucked on "free" government candy?

When it's too late.