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FourScore

(9,704 posts) Tue May 22, 2012, 11:20 PM May 2012

Timothy Geithner Carefully Explains to Republicans Why They are Stupid

Tue May 22, 2012 at 03:56 PM PDT
Timothy Geithner Carefully Explains to Republicans Why They are Stupid
by Pluto

Exactly one year ago, Treasury Secretary Timothy Geithner sent a letter to a few select Senators and members of Congress, in which he told them what he was going to do to them if they excercised their destructive nonsense by obstructing the routine increase of the debt ceiling.

But before I proceed further with Mr. Geithner's letter, I have a special message for the Teabaggers out there in our studio audience. I'll use big type but try not to use any big words:

[font size= 4]Did you know that Congress is the group that decides how much money to borrow and spend? That's right, President Obama does not have a Secret Socialist Checkbook. Once Congress votes to spend money, they are then obligated by the Constitution to pay those bills.

Saint Ronald Reagan, the most holy of all the Presidents, began the Tax-Rate Slashing era in America. His limited brain capacity told him that it was good. His brain also told him to urge Congress to raise defense spending into the stratosphere. Of course, the limited tax revenues could no longer keep up with the increased military spending by Congress, so America started taking on debt. Look! Here's a picture!

Did you know that Americans currently pay just about the lowest taxes in the entire world? Because of that, we borrow more and more money. Since the time of Saint Reagan, Congress has raised the debt ceiling over and over again, year after year, to cover the amount that they are spending. Seventy-four times so far!... [/font size]

MUCH MORE AT: http://www.dailykos.com/story/2012/05/22/1093971/-Timothy-Geithner-Carefully-Explains-to-Republicans-Why-They-are-Stupid