Geithner: It's your Fault, USA
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RUSH: Gotta listen to this sound bite, folks. This is our old buddy, the
diminutive egghead Treasury secretary Timothy Geithner, in Washington this
afternoon at the National Press Club, being interviewed by the editor of
Newsweek, Jon Meacham. Here's the question for Timothy Geithner from Jon
Meacham, "You have two children. The deficit over the next ten years is
expected to hit $11 trillion. How do you feel about saddling your kids with
that debt?"
GEITHNER:
We face again this deep recession, damaged financial system. And our
immediate imperative still is to get growth back on track. That requires us
to do things that are expensive, that cost money, in the short term will
raise deficits. At the same time we do that, we have to commit to
Americans, to investors around the world that we're going to be able to get
back to living within our own means when the crisis passed and when the
recovery is established, we're going to have to get back to living within
our means. And that's going to require demonstrating to people we're
willing to stop doing things they've been doing, give up things that we
don't want to give up, and that will be a challenge.
RUSH: Whoa wait a second, who's he talking about here? Because I know damn
well he's not talking about the government giving up things. He's talking
about you and me and apparently his own kids. So it's our fault. All of
this is our fault. The reason we're in a recession is our fault and the
government, to save us, has to spend all this debt, all this money. And
once this crisis is over, we're going to have to get back to living within
our means and that's going to require demonstrating to people willing to
stop doing things we've been doing, give up things that we don't want to
give up, and that will be a challenge. What's going to be the challenge?
They're going to make us. They're going to make us give up these things.
So there's your future, from the Treasury secretary of the Obama
administration. You caused this, you gave us this recession, your
irresponsibility, your desire, you wanted too much. You haven't given
enough back. Now, when we get out of this recession you're going to have to
give up a lot of things. We're going to have to return to a more austere
lifestyle. |
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