6 votes

Geithner: Remove the Debt Limit

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.

http://cnsnews.com/news/article/treasury-secretary-geithner-...



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Cyril's picture

Dear Mr. Geithner ... I hate to break it to you, but...

Dear Mr. Geithner ... I hate to break it to you, but...

... what you're suggesting, Mr. Geithner, is to condone A CONTEMPLATED ACT OF TREASON against the Constitution of the United States of America.

Because, indeed, way beyond the observably eerie, much questionable, interpretation of the Section 4 of the 14th Amendment you're alluding to, by removing any form of debt ceiling, you are ALSO, ACTUALLY, making a suggestion which is UNTENABLE, for in direct OPPOSITION to the core of the Section 9 of the Constitution ITSELF, in its paragraph 7.

for your reading convenience, here is this passage again :

"Section. 9.

[...]

No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.

[...]"

Rationale :

Without ANY debt ceiling, Mr. Geithner, you just CANNOT possibly give ANY reasonable meaning, in the English language, or in any human language for that matter, to the above phrase "Statement and Account of the Receipts and Expenditures of ALL public Money".

(emphasis mine)

You do not want to suggest an act of TREASON against the Constitution of your own country, Mr. Geithner, DO YOU ?

So, you're much welcome for this refresher, Mr. Geithner !

My pleasure, for Liberty.

Refs.

http://www.archives.gov/exhibits/charters/constitution_trans...

http://www.law.cornell.edu/constitution/amendmentxiv

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Raise the limit?

Mr G could not attend this evening. IMF agent you know. [Light cigarette]

[Victrola: Raise the limit?]

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Cyril's picture

LOL. You've got to love that James Bond scene...

LOL. You've got to love that James Bond scene...

On "Limits, Interpretations, and Everything" :

God knows how harsh our getting lost in translation can become !

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

They've given you a number. Taken away your name. Secret Agent ~

Factbox: Geithner's speed dial list

They've given you a number. Taken away your name.
[Victrola: Secret Agent Man! 1966]

Uncle Ben & Turbo Timmy G are the US IMF Foreign Agents
Submitted by Mark Twain, 05/16/2011

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

What Geithner is advocating

What Geithner is advocating is:
"Destroy the dollar"
"Destroy all savings, retirement, wages"
"Destroy the economy"
through unrestrained inflation

Let it not be said that we did nothing.-Ron Paul
Stand up for what you believe in, even if you stand alone.-Sophia Magdalena Scholl

"Secret Agent Man" They've given you a number...

Uncle Ben & Turbo Timmy G are the US IMF Foreign Agents
Submitted by Mark Twain, 05/16/2011

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Tube

It doesn't mean US is solvent.

The US is bankrupt so the debt ceiling is meaningless.

Congress is meaningless. Congress spends borrowed money and we own the debt.

I don't authorize Congress to spend one red cent until the books are balanced.

When, we the people owe nothing to government's creditors then I would authorize Congress to Mint Silver Dollars, Quarters and Dimes.

Free includes debt-free!

"congress is meaningless"

quote of the day

Cyril's picture

Congress is GONE

Congress is ...

... GONE

... and has been FOR LONG...

... ABANDONING the People.

(emphasis mine)

"Section. 9.

The Migration or Importation of such Persons as any of the States now existing shall think proper to admit, shall not be prohibited by the Congress prior to the Year one thousand eight hundred and eight, but a Tax or duty may be imposed on such Importation, not exceeding ten dollars for each Person.

The Privilege of the Writ of Habeas Corpus shall not be suspended, unless when in Cases of Rebellion or Invasion the public Safety may require it.

No Bill of Attainder or ex post facto Law shall be passed.

No Capitation, or other direct, Tax shall be laid, unless in Proportion to the Census or enumeration herein before directed to be taken.

No Tax or Duty shall be laid on Articles exported from any State.

No Preference shall be given by any Regulation of Commerce or Revenue to the Ports of one State over those of another; nor shall Vessels bound to, or from, one State, be obliged to enter, clear, or pay Duties in another.

No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.

No Title of Nobility shall be granted by the United States: And no Person holding any Office of Profit or Trust under them, shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State.

Section. 10.

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

No State shall, without the Consent of the Congress, lay any Imposts or Duties on Imports or Exports, except what may be absolutely necessary for executing it's inspection Laws: and the net Produce of all Duties and Imposts, laid by any State on Imports or Exports, shall be for the Use of the Treasury of the United States; and all such Laws shall be subject to the Revision and Control of the Congress.

No State shall, without the Consent of Congress, lay any Duty of Tonnage, keep Troops, or Ships of War in time of Peace, enter into any Agreement or Compact with another State, or with a foreign Power, or engage in War, unless actually invaded, or in such imminent Danger as will not admit of delay."

http://www.archives.gov/exhibits/charters/constitution_trans...

Bill of Attainder, noun.

"A legislative act pronouncing a person guilty of a crime, usually treason, without trial and subjecting that person to capital punishment and attainder. Such acts are prohibited by the U.S. Constitution."

http://www.thefreedictionary.com/bill+of+attainder

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

He is saying this because

He is saying this because he may need a bailout for his buddies to the tune of $410 TRILLION of OTC derivatives he just exempted from dodd-frank and the volker rule.

On Friday he basically exempted almost all Forex trades from registering with the CFTC which basically voids them from scrutiny. and you can bet your ass they did this because they don't want us knowing what is REALLY going on.

http://www.economicpolicyjournal.com/2012/11/geithners-final...

Tools of war are not always obvious. The worst weapon is an idea planted in the mind of man. Prejudices can kill, suspicion can destroy, and a thoughtless, frightened search for a scapegoat has an everlasting fallout all of its own.

Stop Geithner now! Remove him & his signature now! Debt be gone!

Treasury Secretary Timothy Geithner said in his own Congressional Confirmation Testimony that he is a tax cheat.

After his confirmation testimony, he was anointed Treasury Secretary. His duties include signing as witness, our US Dollar bills... The green stuff... That is witness the National Debt (represented by cash & related promissory notes).

Unfortunately, TurboTax Timmy G he was not permitted to sign. Years pass, whilst Hank Paulson dutifully franked the US Dollar. Was it 2 years that went by?

Congress should stop placing "legal tender" upon us poor folk as debts that bind us. Let these bonds be gone!

Let honest money return w/o government allowing a monopoly bank cartel to issue notes we must pay... & pay.

      We ain't got nuff money!

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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.

"Absolutely" of course, we should eliminate Geitner's position & the debt that he should have been managing.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul