Tag Archives: Geithner

Geithner: We Should Eliminate the Debt Ceiling

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Tim Geithner and Ben Bernanke on Solutions: Who Should Pay

The title of the hearing is the “US Response to the European Debt Crisis”. Rep. Peter Welch (D) asks whether cutting taxes on the rich and cutting federal subsidies on medical research/education will lead to growth and lower debt. 1. Why … Continue reading

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The Impotent GOP Response to the IMF Redistribution of America’s Wealth – Updated 12/4/11

Update 12/4/11 The Latest Rumor: Fed To Fund IMF, Bypassing Congressional Refusal Of European Bailout The following article from the Hill outlines an attempt by “conservatives” to prevent a bailout of the European Union by the IMF. The United States … Continue reading

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European TARP Financed by the Federal Reserve

Peter Orszag, a vice chairman at Citigroup made the following statement today: It is very strongly in our interests, and by that I mean U.S. interests, to avoid having Europe, in particular its banking system, collapse, especially when the U.S. … Continue reading

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Resistance Starts Now

http://www.youtube.com/watch?v=LHFEcyUNBjg”>httpv://www.youtube.com/watch?v=LHFEcyUNBjg

The federal debt ceiling limit was reached today, May 16, 2011. Mr. Geithner has put in a place a plan to raid the pension of federal employees to cover the shortfall. Geithner, who has already suspended a program that helps … Continue reading

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