Treasury Secretary Timothy Geithner told the House Oversight and Government Reform Committee that the next request to raise the debt ceiling would likely make members “uncomfortable.”
Rep. Trey Gowdy (R-S.C.) noted assumptions that another request to hike the debt limit is forthcoming.
“If this were the last debt ceiling increase you could ask for, the final one, and you had to make it large enough for all current and future obligations, what would the request need to be?” Gowdy asked.
“I don’t know how to answer that question,” Geithner responded, adding that it “makes no sense for the country” for Congress to hold repeated “politically difficult” votes on the debt ceiling.
Gowdy pushed Geithner further on estimating a number for one final request.
“It would be a lot,” Geithner finally said. “It would make you uncomfortable.”
So how about an actual number, Timmah.
One last request that would cover it all? How about 30 Trillion. That should get us through the 2016 election.
This is congress we’re talking about. The only numbers that make them uncomfortable are any that need to be voted on just before an election. Once January rolls, it’s get out the checkbook.
So, how ’bout we do what should have been done before and not raise it at all?
Considering that Uncle Sam has already spent every last penny that our grandchildren will ever pay in taxes, I don’t imagine that there’s enough ink and paper in the entire world to print all the money that Turbo Tim would ask for, they’d probably burn up the presses trying to print it all!
Dear Timid Tim: Go for it, Geithner! Name a number! We’re tough, we can take it.
Frame it as an economic booster, what with the sudden increase in demand for specialty printing presses, paper and printers, and all. Who needs that stinky ol’ Keystone pipeline and those lousy high-paying jobs?
All along you’ve had this superb, secret plan for turning this tanking Titanic economy around. Raise the debt ceiling. Print more money. Raise the debt ceiling print more money.
Pure genious! I’m speechless with awe.
– we’re already pretty uncomfortable.
(Gotta love those SnorgTees ad ladies.)