posted on Nov, 30 2012 @ 09:22 AM
The OP had done a disservice to this site ATS with either his ignorance or deliberate attempt to mislead.
The most critical of all is his claim is Tom Geithner's call to remove the statutory limit from Congress as AN ATTACK UPON THE CONSTITUTION.
The treasury dept DOES NOT seek to revoke the rights of Congress as per constitutional decrees with regards to revenues, but only to not allow
Congress to decide on setting the limits upon spending or savings. This has nothing to do with the Constitution or even mentioned as a right of
Think about it - the limits were caused by the moron Bush years of spending more than obtaining revenues, giving away tax breaks to crooked cronies in
the financial institutions to cheat, to gamble, to profit for themselves and then to make the next generations pay off those excessess.
Congress had failed to behave responsibly over the financial revenues of the nation, espacially when they have the majority seats and an executive of
the same party.
The Bush administration had proven how reckless they were, and today, the Obama administration have to clean up the mess with tried and tested
Keynesian policies, and not failed EU policies of austerity that had only lead to rising unemployment and crippling recessions..
Geithner's proposal works equally upon both republican and democrats. That limit for loans will no longer be allowed to be set by an irresponsible
Congress while it continues to have control over other financial issues, but set by the elected Executive held accountable to the People and by the
McConnel may laugh, but it only proves his culpability in allowing reckless behaviour over the years with his support of 'privatising profits but
socializing debts' to the american people, and shows off further his disgusting behavior to continue with such policies.