Tim Geithner: Obama 'Absolutely' Prepared To Go Over Fiscal Cliff

[dsummoner]

We've been threatened by the right wing hand-wringer class with hyperinflation since the moment Obama took office. You can see it hasn't happened.

The inflation from the QE ad infinitum and ZIRP has thus far been sector limited. The banks have been using this near zero risk money to inflate the equities markets and to speculate in certain commodities markets. One is also starting to see the manufactured inflation (or reinflation) of prices in the residential real estate sector (making the banks whole for their gambling by purchasing at par their paper toxic waste).

[Baltimore Ravens Lets Go!]

I am starting to agree with this. We won't get any real cuts unless we do this. We won't force the military to become more efficient with their money unless we do this. I'm ok with taxes going up as long as spending goes way down. I think many on the right fear a tax increase not because of the extra that is to be paid, but because they have no faith whatsoever that increased revenues will be put towards getting the financial house in order.

Bush had eight years and failed to pay down the budget and gave tax cuts on top of it. Why is this now Obama's fault as the current inept and contradictory verison of the Republican party spins it? Lest you say I am some sort of Liberal, don't waste your typing as I voted for Bush the first time, Kerry the second. Obama the first, and Romney just recently.

[Grindelwald]

Bush had eight years and failed to pay down the budget and gave tax cuts on top of it. Why is this now Obama's fault as the current inept and contradictory verison of the Republican party spins it? Lest you say I am some sort of Liberal, don't waste your typing as I voted for Bush the first time, Kerry the second. Obama the first, and Romney just recently.

I, too, voted Bush in 2000. Shocking isn't it? I voted for Kerry the second time around because I thought the Iraq war was moronic and by golly I was right. I may have voted for McCain if it weren't for his crackpot running mate who couldn't even figure out whether Africa was a country or not.

[flyboy56]

We've been threatened by the right wing hand-wringer class with hyperinflation since the moment Obama took office. You can see it hasn't happened.

That because the QE's passed from the Federal Reserve to the major banks where the money is used for the benefit of the banks, as in their own investment opportunities. Stringent loan requirements are preventing this money from getting into the economy. But one day the flood gates will be forced open and then watch out.

[flyboy56]

Bush had eight years and failed to pay down the budget and gave tax cuts on top of it. Why is this now Obama's fault as the current inept and contradictory verison of the Republican party spins it? Lest you say I am some sort of Liberal, don't waste your typing as I voted for Bush the first time, Kerry the second. Obama the first, and Romney just recently.

Stop blaming Bush! It's been Obama's economy for the last 4 years.

[SalisburySage]

Don't blame him for YOUR inability to put together a coherent thought...

As usual you have your head up your arse and don't have a clue. You wouldn't know a coherent thought if it crawled down your throat. DO you have any facts? examples? Proof? Logic? Coherent thought? No. I didn't think so.
Whacko.

[Baltimore Ravens Lets Go!]

I, too, voted Bush in 2000. Shocking isn't it? I voted for Kerry the second time around because I thought the Iraq war was moronic and by golly I was right. I may have voted for McCain if it weren't for his crackpot running mate who couldn't even figure out whether Africa was a country or not.

Same here, his crackpot running mate didn't even know why the Korean War was fought. No way I could vote for him with an idiot running mate.

[Baltimore Ravens Lets Go!]

Stop blaming Bush! It's been Obama's economy for the last 4 years.

Yeah, but Bush handed it to him in a mess and why wasn't his party screaming about the deficit during his terms?

[BlandFood]

Yeah, but Bush handed it to him in a mess and why wasn't his party screaming about the deficit during his terms?

Didn't Bobo claim anyone raising the deficit as much as Bush did was unpatriotic? What does that make the silly baboon that buried us far FAR more, antichristunpatriotic????

[flyboy56]

Yeah, but Bush handed it to him in a mess and why wasn't his party screaming about the deficit during his terms?

Because the Republican party during Bush's terms didn't have Tea Party Republicans. They were money spenders like the Democrats and mostly still are which is why we are in up to necks in debt. Time for a more fiscally conservative approach like the Tea Party is pushing for. We wouldn't be having this debate right now if not for the looney racist Tea Party folks. We'd still be spending like drunken sailors. Oh that's right, we still are spending like drunken sailors. And Democrats want to continue spending like drunken sailors as they refuse to talk about spending cuts.

[Rael]

Bush had eight years and failed to pay down the budget and gave tax cuts on top of it. Why is this now Obama's fault as the current inept and contradictory verison of the Republican party spins it? Lest you say I am some sort of Liberal, don't waste your typing as I voted for Bush the first time, Kerry the second. Obama the first, and Romney just recently.

Umm, what were you responding to? My statement about "many on the right"? I didn't consider Bush a conservative. Look at his last year in office. I said nothing about Obama. I think you must have quoted my statement yet replied to someone else as your statement as a reply to mine doesn't make any sense.

[dsummoner]

Obama's attempted Morsian power grab in regards to the debt ceiling (not to mention the pro-rape agenda of enslaving minorities) and the pablum of discussing cuts to entitlement programs 'next year' (aka never) shows a complete lack of credibility on the part of the administration regarding seriousness in averting the fiscal speed bump.

[BlandFood]

Same here, his crackpot running mate didn't even know why the Korean War was fought. No way I could vote for him with an idiot running mate.

And Bobo's idiot running mate or Bobo himself? How many states THIS year? LOLOLOLOLOLOLOLOL Stupid ba*****s!

[Grindelwald]

And Bobo's idiot running mate or Bobo himself? How many states THIS year? LOLOLOLOLOLOLOLOL Stupid ba*****s!

Coherent sentences, please.

[johnpolitics]

If we go over the cliff maybe the feds will lay of deadwood lawyers. Lots of them at FEMA.

[BlandFood]

Coherent sentences, please.

Try and keep up GhettoJrHigh.

[BlandFood]

If we go over the cliff maybe the feds will lay of deadwood lawyers. Lots of them at FEMA.

That's a start. I wonder what it's costing us for good mormon punch drunk boxer Reid & Co to watch "Lincoln" tonight?

[dialtone]

Didn't Bobo claim anyone raising the deficit as much as Bush did was unpatriotic? What does that make the silly baboon that buried us far FAR more, antichristunpatriotic????

Your Leader

[Terry K]

http://www.huffingtonpost.com/2012/1...6pLid%3D241828




Oh Please...who didn't see this coming. Its been obvious since day one that Obama wants to dive off the fiscal cliff. Head first. He can't wait to do it.

Perhaps the lemmings who voted for him will follow suit as well. I wonder who the electorate will blame when Obama departs for his $4 million dollar, twenty one day taxpayer funded vacation on December 21st with no deal on the table? Maybe he will ask Sharpton and Maddow to act as his emissaries. If he truly hopes to stimulate an economic recovery, he better get his act together quick.

[Baltimore Ravens Lets Go!]

Because the Republican party during Bush's terms didn't have Tea Party Republicans. They were money spenders like the Democrats and mostly still are which is why we are in up to necks in debt. Time for a more fiscally conservative approach like the Tea Party is pushing for. We wouldn't be having this debate right now if not for the looney racist Tea Party folks. We'd still be spending like drunken sailors. Oh that's right, we still are spending like drunken sailors. And Democrats want to continue spending like drunken sailors as they refuse to talk about spending cuts.

Yeah, and half of these Tea Party morons are so stupid they probably don't even realize if they would in fact, get their way they would have to work an extra job to pay for their elderly parents when their Social Security check disappeared, not to mention their own if they are close to retirement age. They whine about overspending when probably they all have a relative on welfare and would have to support them or watch them go homeless and die out on the street. Idiots and fools make up that faction which unfortunately has now become the face of the party.

They need to clone and/or resurrect Reagan somehow. The party is a joke and this country is suffering for it. They now want all these budget cuts including dumping on the Federal workforce as if is is their fault for this deficit because they are overpaid. Yet the entire time Bush was in office Federal employees got cost of living raises every year. I know because I am one. Now the Republicans want to treat Federal workers like scum. It makes no sense at all. We didn't elect Obama. Give me a Republican president as at least I got a cost of living raise back then!