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”.┬áRep. 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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