Tuesday, November 20, 2012

The Debt Ceiling Limit


For John, BLUFThe Administration wants to reduce Congressional Controls on the Federal Debt and the Federal Debt Ceiling.  Nothing to see here; just move along.

After two pages of web crawler results, searching for "geithner al hunt debt limit" I found a Bloomberg page that was a little more to the center than the collection of responses I was getting.  Less details, but the point is there, Secretary of the Treasury Timothy Geithner wants an unlimited debt ceiling.  That is to say, he wants no limits on the Executive Branch in terms of increasing the Federal Debt.

I am just a mere voter and tax payer, but an unlimited debt ceiling sounds like a bad idea to me.  Convenient for the folks down in DC, but another case of politicians and Civil Servants not having to face the tough issues.  A bad idea.

Regards  —  Cliff

  To me that means the Main Stream Media is ducking this issue for some reason.

1 comment:

kad barma said...

Too bad more people didn't go Libertarian this past time around... I didn't hear anyone else railing against this kind of nonsense, and the next series of "Presidential" aka Donkeyphant Debates isn't going to feature anyone against it, either. (You can dream, but we can put money on it right now if you feel sporting).

Yet here we are...