Mr Geithner Goes to Washington... To Ask Congress for an Increase in His Allowance
I'm throwing up in my mouth a little bit over this. Nah, let's make that I'm full-on forehead-to-the-porcelain at the thought of this. Seriously, Timmy, you're starting to give me an ulcer.
U.S. Treasury Secretary Timothy Geithner asked Congress to increase the $12.1 trillion debt limit on Friday, saying it is "critically important" that they act in the next two months.Picture it, if you will. Geithy slithering his way to Congress to beg for more allowance. "Critically important"? Oh shut the fuck up already, Timmy!
Mr. Geithner, in a letter to U.S. lawmakers, said that the Treasury projects that the current debt limit could be reached as early mid-October. Increasing the limit is important to instilling confidence in global investors, Mr. Geithner said.
The Treasury didn't request a specific increase in the letter.
"It is critically important that Congress act before the limit is reached so that citizens and investors here and around the world can remain confident that the United States will always meet its obligations," Mr. Geithner said in a letter to lawmakers.
"Congress has never failed to raise the debt limit when necessary," Mr. Geithner said.
Congress has also never really had to deal with a diabolical boy idiot like Timmy, and that's saying quite a bit considering the sorts of pricks we've had in charge of the Treasury over the years.
Listen Timmy, imagine Congress is that hot slut from high school who you never got a chance to bang. Just because she never said no to any member of the football team, the soccer team, and of course your skeezy PE teacher who was going through a divorce and needed "consoling" at the time doesn't mean she won't laugh in your pathetic little face when you try to saunter up and proposition her for some tail.
That's all I'm saying.
If Mr Geithner needs a refresher, I hereby point him to my August 6th It's Official: Bernanke Lied, the Dollar Died.
We were told that Tim Geithner was the best man for the job because of his "intimate" knowledge of financial markets (the "esoterica" as it were) but if Timmy is such a market genius, why would he believe in a magical unicorn like additional Treasury debt? Surely he understands that there's a ticking time bomb just waiting to go off in the bond market, right?