Geithner: Remove the Debt LimitSubmitted by Awakened Patriot on Mon, 11/19/2012 - 15:58
If we do this how long before China et. al. refuse to accept the Dollar?
Treasury Secretary Timothy Geithner said Friday that Congress should stop placing legal limits on the amount of money the government can borrow and effectively lift the debt limit to infinity.
On Bloomberg TV, “Political Capital” host Al Hunt asked Geithner if he believes “we ought to just eliminate the debt ceiling.”
“Oh, absolutely,” Geithner said.