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.