Treasury Secretary Geithner: Lift Debt Limit to Infinity

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JD: The Founding Fathers would turn in their graves if they heard this. Not only because of the debt America has and will add in the future but because Secretary Geithner wants to eliminate another check and balance.

 

(CNSNews.com) – Treasury Secretary Timothy Geithner said Friday that Congress should stop placing legal limits on the amount of money the government can borrow and effectively lift the debt limit to infinity.

On Bloomberg TV, “Political Capital” host Al Hunt asked Geithner if he believes “we ought to just eliminate the debt ceiling.”

“Oh, absolutely,” Geithner said.

 

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Jonathon Dunne is an Irish college student who has been waiting on a green card for nine years. He is pursuing a degree in International Relations and dreams of moving to America to work in politics and follow his "American Dream." He has strong ties to the Republican Party and the Conservative movement and his aunt worked in Ronald Reagan campaigns in Florida in the '80s. Favorite Reagan quote: "It can be done" and he hopes Conservatives follow Reagan in "appealing to your best hopes, not your worst fears, to your confidences rather than your doubts". Follow Jonathon on Twitter @JonathonDunne13.
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