Lake Minnetonka Liberty

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Tag Archives: Geithner

For 2nd Year In A Row, Treasury Secretary Geithner Says Obama’s Budget Is Unsustainable

Well some of you won’t take my word for it, how about Timothy Geithner’s? Some of you ideologues on the left that are still stuck on stupid better get some help for your mental illness called denial, preferably before ObamaCare goes in to full effect so you will get treatment instead of a room at the Ha-Ha-Hilton with a reservation for an indefinate stay.

Barack Obama is purposefully destroying this economy and country. Only a fool would argue.

And here we go again, his own handpicked Treasury Secretary is saying for the second year in a row, Obama’s budget is unsustainable.

Obama described his fiscal year 2013 budget – the most expensive in United States history – as “a blueprint for an economy that is built to last.”

HA! HA! HA! LMAO!!!

“A blueprint for an economy that is built to last.”

HA! HA! HA! LMFAO!!!

[Hysterical laughter!]

Man! He must really think we are stupid.

But even his own Treasury Secretary does not agree with that assessment.

For the second year in row, Timothy Geithner admitted before the Senate Budget Committee that President Obama’s budget takes no action to meaningfully reform entitlement programs, putting us on an “unsustainable” fiscal course.

Some of you idiots that are sympathetic to this “man made disaster” called Barack Obama…. You do realize that when the shit hits the fan because of him and his policies, the bad crap is going to land on you too. You do know that, right?

Chaos & Discourse in White House Economic Team

WASHINGTON — A new book claims that President Obama’s response to the economic crisis was hampered by a White House economic staff plagued by internal rivalries, a domineering chief adviser and a Treasury secretary who dragged his feet on enforcing decisions with which he disagreed.

The book, by Ron Suskind, a former Wall Street Journal reporter, quotes White House documents that say Mr. Obama’s decisions were routinely “re-litigated” by the chairman of the National Economic Council, Lawrence H. Summers. Some decisions, including one to overhaul the debt-ridden Citibank, were carried out sluggishly or not at all by a resistant Treasury secretary, Timothy F. Geithner, according to the book.

Mr. Suskind quotes from two memos for the president in which Pete Rouse, a senior White House aide, wrote, “There is deep dissatisfaction within the economic team with what is perceived as Larry’s imperious and heavy-handed direction of the economic policy process.” Read the rest