Geithner Newsflash:It is impossible to lose AAA rating, increase debt ceiling now.

[TGregg]

To be fair, it's an unwritten part of their job description (for Helicopter Ben and Turbo Tom) to be unwaveringly confident about the US economy. Even unflinchingly - I wonder if one of them will develop a nervous tic by the time this concludes?

Anyway, it's their job to say that. And it is the politico's jobs to do what the voters wanted them to do when they were elected. The losers who #$*&#@*& refuse to do their jobs are the voters! We keep on electing these people. And (parties focused around dried leaf infused sweetwater notwithstanding), most of us still are not serious about real solutions. Heck, even Greece is still not serious.

We've got to line up for some real pain before we are ready to take that medicine.

 

[Scataphagos]

Quote from TGregg:

To be fair, it's an unwritten part of their job description (for Helicopter Ben and Turbo Tom) to be unwaveringly confident about the US economy. Even unflinchingly - I wonder if one of them will develop a nervous tic by the time this concludes?

Anyway, it's their job to say that. And it is the politico's jobs to do what the voters wanted them to do when they were elected. The losers who #$*&#@*& refuse to do their jobs are the voters! We keep on electing these people. And (parties focused around dried leaf infused sweetwater notwithstanding), most of us still are not serious about real solutions. Heck, even Greece is still not serious.

We've got to line up for some real pain before we are ready to take that medicine.

We will NEVER "take our medicine"... it will, however, BE SHOVED UP OUR COLLECTIVE ASSES BY SOMEONE WHO'D LIKE TO SEE US DONE IN!

 

[MKTrader]

Quote from Spiker:

You better start rounding up your bunch of white hoods from now.....2012 is nearing fast . and don't tell me that you saving your Trump card for last .

What an argument. Someone doesn't like Oh-Bomb-Ya, Bennie & the Feds, etc. so they must be Klansman. The idiocy on here knows no bounds sometimes.

Don't be late to your Black Panthers meeting. I can safely assume you're a member, right?

 

[rew]

Quote from Grandluxe:

On Tuesday April 19, 2011, 9:50 am EDT

Geithner: no risk U.S. will lose AAA credit rating

WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner on Tuesday said there was "no risk" that the United States would lose its prized AAA credit rating, saying political prospects for long-term deficit reduction were improving.

"No risk of that," Geithner told Fox Business Network when asked if the United States would see a downgrade after Standard & Poor's on Monday slapped a negative outlook on its Treasury debt rating.

Ha ha ha ha! The shill for the central controllers speaks. No wonder gold is over $1500.

 

[jlancaster]

Geithner really can't say anything else. If he spoke honestly the country would go into a temporary panic and he would somehow be forced to step down.

 

[futuresbuyer3]

I love the optimism but it really isn't realistic. The debt level is really kind of outrageous and is due for a scare like this.

 

[Spike Trader]

Quote from MKTrader:

What an argument. Someone doesn't like Oh-Bomb-Ya, Bennie & the Feds, etc. so they must be Klansman. The idiocy on here knows no bounds sometimes.

Don't be late to your Black Panthers meeting. I can safely assume you're a member, right?

The ''white hoods '' i was referring to were politicians.....like white collar/blue collar thieves of all creeds . Ever met a poor politician ?

and no, im not a member.
you should apologise.....

 

[the1]

He may not be lying because how much influence does the government have over the rating agencies? My guess is a lot. I doubt they can act with complete independence. The government can create money out of thin air to pay whatever debt they want at the expense of crushing the dollar and uncontrollable inflation. Then they make a phone to S&P, Moody's, et al, and the AAA rating remains intact. As long as the Fed can issue debt and place it on its own balance sheet the government can do whatever, whenever they want. But don't forget, Obama is going to reduce the national debt by 4T over 10 years. He wouldn't lie about that, right? Right?

Quote from S2007S:

Hes a liar, all of them are lying, its the only true thing they know they know how to do. Anyone who believes geithner or bubble ben bernanke is a complete idiot. These debt problems are extremely serious yet everyone keeps ignoring the truth.....if they really wanted to put an end to the spending they would step up and keep the debt ceiling where it is now and start to take immediate action to pay down the trillions in debt, but they dont care, as long as they can keep the economy propped up with cheap easy money they will continue to do so until one day, whenever that it is, it comes to a complete end and reality finally kicks in until then everything is just smoke and mirrors and more asset bubbles....Bubble ben bernanke and geithner are fools, everyone is cheering them on, but years from now everyone will notice how they really fucked the economy up!

 

[the1]

To this end I completely agree. The day of reckoning for today's actions is out there. Everything comes at a price, especially free money.

Quote from S2007S:

Bubble ben bernanke and geithner are fools, everyone is cheering them on, but years from now everyone will notice how they really fucked the economy up!

 

[Trendytrader]