U.S. Treasury Secretary — U.S. Must Incur More Debt!

Robert L. Hale

3/22/2011

On Wednesday, March 16, 2011, the U.S. House of Representatives voted to increase the U.S. debt once again. Voting against the measure were 54 Republicans and 104 Democrats; 271 others voted to continue the status quo and impose billions of dollars in additional debt on America’s taxpayers.

The alternative, according to the proponents who included the House Republican leadership, would be a catastrophe — default on our debt! This was echoed by U.S. Treasury Secretary Timothy Franz Geithner, who said, “Congress has to do it. There’s no alternative.”

Really? No alternative? Bogus! There is an alternative — immediately cease increasing the debt. Apparently, those in a position to fix America’s fiscal nightmare believe they can sleep through it.

And now… the rest of the story. …..