Hot Air » geithner

National Review: The GOP should take default off the table in debt-ceiling negotiations

Allahpundit — Tue, 15 Jan 2013 15:31:59 +0000

Tactics.

They’re not saying Republicans should cave and raise the debt ceiling across the board, they’re saying the GOP should pass something that lets Treasury continue to borrow only for the purpose of paying interest owed to creditors. Missing those payments would mean true default and a potential meltdown for global markets, which is why Democrats [...]

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Hey, let’s avoid the debt-ceiling standoff by minting a trillion-dollar platinum coin instead

Allahpundit — Fri, 04 Jan 2013 21:23:16 +0000

Solutions.

Words cannot express my excitement that this banana-republic idea is now being taken seriously enough to attract vocal support from a sitting Democratic congressman. If you’re looking for a way to convince the public that the left has no interest whatsoever in reducing spending before we face a fiscal meltdown, you can’t do better than [...]

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Geithner and Carney drawing a fiscal cliff line in the sand?

Dustin Siggins — Mon, 03 Dec 2012 22:11:14 +0000

Games, games, and more games...

Yesterday, Treasury Secretary Timothy Geithner laid down one of the few definitive lines in the fiscal cliff discussions: Social Security reform is off the table for reform. In addition to taking more money from taxpayers, this appears to be the other line in the sand for the Obama Administration. Unfortunately, Geithner, President Obama, and the [...]

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Dodd-Frank costs US financial sector 24 million man-hours per year for compliance

Ed Morrissey — Tue, 17 Apr 2012 16:46:53 +0000

Plus, the intellectual bankruptcy of the Obama administration.

And that’s just the start. The House Financial Services Committee will roll out a report today showing that less than half of the required rule-making for the Dodd-Frank bill passed two years ago has been completed, but just the first 46% already comprises more than 5300 pages of rules: Texas Republican Rep. Randy Neugebauer, the [...]

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Open thread: Sunday morning talking heads

Allahpundit — Sun, 15 Apr 2012 12:00:03 +0000

This guy.

The good news? Now that Romney’s locked things up, we’re spared the drearily predictable Santorum/Gingrich chat-show hits on Sunday. The bad news? Instead we’ve got TurboTax Tim recycling his compelling “we have no fiscal solutions but we don’t like yours” message. He’s on all three major networks this a.m. so be sure to make your [...]

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Geithner: Hey, who’s up for tapping the Strategic Petroleum Reserve?

Ed Morrissey — Fri, 24 Feb 2012 18:20:53 +0000

Desperation.

Last week, I predicted that if gas prices continued to escalate into the spring, we would probably see the Obama administration hint at a release from the Strategic Petroleum Reserve as a temporary intervention to avoid the political damage of high fuel costs and their multiplying effect on the economy. I was only off by [...]

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Geithner: Yeah, we don’t have a solution to the debt problem

Ed Morrissey — Fri, 17 Feb 2012 18:55:56 +0000

"We just don't like yours."

Guy Benson calls this “the political quote of the year,” but it may be more like the defining moment of Obamanomics and Barack Obama’s fiscal policies. Paul Ryan destroyed interim OMB chief Jeffrey Zients in testimony before Congress this week already, deconstructing White House claims to have $2 trillion in deficit reduction over the next [...]

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Geithner: Why, no, our new budget does nothing to address America’s long-term fiscal crisis

Allahpundit — Thu, 16 Feb 2012 23:40:07 +0000

Unsustainable.

Via Philip Klein, stick with this until at least 2:45, when Ryan drops the national-suicide debt chart on him and TurboTax Tim notes that, hey, the numbers between Obama’s budget and Ryan’s are actually comparable — for the next five years or so. Quoth Klein: “[A]s Ryan pointed out, the Treasury Secretary, more than anybody, [...]

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