Here’s a comical quote from US Treasury boss Tim Geithner… not sure what he’s smoking but no matter how you slice it, it’s incredible how government people think.
“Increasing the limit “does not increase the obligations we have as a nation; it simply permits the Treasury to fund those obligations that Congress has already established,” Geithner said. “There is no alternative to enactment of an increase in the debt limit.”
He’s talking about the ‘need’ to increase the US government’s debt limit which is already somewhere north of $14 trillion. Take a moment and think about what he’s saying. They are ‘in the hole’ for $14 trillion, Congress has approved more spending from what they don’t have and the Treasury boss states that because they’ve made these commitments in Congress, thanks to Obama’s new world of hope, that they must be paid…. again from what since they are in the hole….
Gold and silver dear readers…… Gold and silver…..
