Tim Geithner Meets With Tea Party Republicans, Expresses Confidence On Debt Ceiling

WASHINGTON -- Treasury Secretary Tim Geithner has met with House freshmen and says he is confident a debt crisis will be averted.

Geithner met privately in the Capitol on Thursday to discuss the partisan standoff over boosting the government's debt ceiling. The session lasted nearly an hour, and Geithner told reporters afterward that he is confident that a default crisis will be avoided and that the two sides will reach an accord on a long-term fiscal plan.

Freshmen Republicans emerging from the meeting say they told Geithner they want President Barack Obama to present a specific plan for curbing the government's debt.

The government has reached its $14.3 trillion borrowing limit. Geithner has said Congress must extend the cap by Aug. 2 or there could be a first-ever federal default.

Comments

[Countess]

09:34 AM on 06/03/2011

Here we have one of the principal enablers of wall street corruption meeting with the extreme theocrats masquerading as believers in freedom and capitalism.

[rgilley]

07:48 AM on 06/03/2011

Why does Anyone give these right wing teabaggers the time of day?
They are about as phony a group as has ever been started by the Koch brothers.

"The Kochs and their weapons of mass distraction
The Koch brothers are modern-day robber barons — rabid right wing billionaires who finance phony grassroots operations like the Tea Party to impose their own repressive, freedom-squelching views upon a gullible electorate led into a sea of ignorance by fake promises of returning power to the people and fighting the establishment.

I know the Kochs. I met them while one of the consulting firms that helped create some of their phony grassroots operations like Citizens for a Sound Economy, which morphed into former GOP Congressman Dick Armey’s FreedomWorks and — ultimately — the Tea Party."
http://www.capitolhillblue.com/node/40038

"Freedomworks owns the LOGO graphic of the Tea Party Patriots, and owns the trademark of the Tea Party Patriots..."
http://neo-nazi--teaparty--kkk.blogspot.com/2011/04/koch-industries-two-bossmen-owners.html

CNN: Koch Brothers Fund the Tea Party
http://videocafe.crooksandliars.com/scarce/cnn-koch-brothers-fund-tea-party

Koch brothers now at heart of GOP power
http://articles.latimes.com/2011/feb/06/nation/la-na-koch-brothers-20110206

"It's time to quarantine the Koch brothers"
http://www.robertapplebaum.com/content/infographic-koch-brothers-40-year-history-buying-our-democracy

Definately a phony "grass roots" organization designed to manipulate well meaning voters.

[littlemonster]

03:20 AM on 06/03/2011

why??? the other day, teabaggers refused to go to the white house to be 'lectured to.' let. them. own. it.

i used to think this white house was good at politics. now? not so much.

[Michaela1976]

07:41 AM on 06/03/2011

1 person refused to go.

[GoldsteinD]

01:27 AM on 06/03/2011

Save the Credit Cards!

[BBinMT]

01:15 AM on 06/03/2011

Geithner explained to them that 100 pennies makes a dollar. Well, it's a start.

[pup sydney]

12:14 AM on 06/03/2011

Who is Sarah Palin? By the looks she must be a former wrestling match or boxing match girl , one of does that carries the signs and winks.

[rgilley]

07:52 AM on 06/03/2011

She is an uneducated cheerleader who quit the most important elected job she ever had the minute a better opportunity to make money came along....and THAT was handed to her by John McCain. Typical gold digger and Very Narcissistic .

[JoeDGoy]

10:53 PM on 06/02/2011

Little Timmy the tax cheat. I cannot understand Obama appointing these clowns! Why???

[Tenley]

10:30 PM on 06/02/2011

I will never forgive Obama for appointing Geithner.

[Iammadashell]

08:39 PM on 06/02/2011

Here are the Facts:
"Congress has voted to raise the debt limit 10 times since 2001, as federal debt has nearly
reached the debt limit several times due to persistent deficits and additions to federal trust funds.
Congress raised the limit in June 2002, and by December 2002 the U.S. Treasury asked Congress
for another increase, which passed in May 2003. In June 2004, the U.S. Treasury asked for
another debt limit increase. After Congress recessed in mid-October 2004 without acting, the
Treasury Secretary told Congress he could keep debt below its limit only through mid-November.
Congress increased the debt limit in a post-election session, which the President signed on
November 19, 2004. In 2005, reconciliation instructions in the FY2006 budget resolution
(H.Con.Res. 95) included a debt limit increase. The Treasury Secretary sent letters warning
Congress that the Treasury would exhaust its options to avoid default by mid-March 2006.
Congress passed an increase that the President signed on March 20. The House indirectly
approved legislation (H.J.Res. 43) to raise the debt limit by $850 billion to $9,815 billion. The
Senate approved the resolution on September 27, 2007, and the President signed it two days later."

[SmotPoker]

07:51 PM on 06/02/2011

Little Timmy Geithner can kiss my starfish.

[rgilley]

07:53 AM on 06/03/2011

Fire Geitner ...Hire Warren !

[morbius]

08:42 AM on 06/03/2011

Never thought of that.... I LIKE IT!!!!

[sysaphus71]

07:48 PM on 06/02/2011

Oh ,so extending endless debt that is nearly impossible to pay off in a generation is not something the average American can't understand!!!
where do you liberals come from? can you count past ten ? or do you stick your head in the sand after that! We have some major league problems and it would be a hell of a lot easier if you
stop visualizing whirled peas and started to adding figures. tete de merd.

[kjohney]

10:03 PM on 06/02/2011

Didn't you learn anything from Reagan? "Deficits don't matter".
Unless a Democrat is in office, then they're all that matters. And cutting spending is priority number one. Even if we have to strip every labor right, kill every job, stymie any recovery, etc. (As long as we don't have to tax the wealthy or bring the troops home.) This newfound thrift will last until the Republicans are back in charge, then it'll be back to borrow and spend (which has long been their M.O.)

[JBoy]

02:32 AM on 06/03/2011

Not likely.

[morbius]

08:46 AM on 06/03/2011

You are 100% correct. I defy you right wingers to prove otherwise.

[Dhammi]

07:46 PM on 06/02/2011

A thorn among the bags. Were any of them leaking?

[lqw]

07:49 PM on 06/02/2011

Aren't you concerned that the US national debt is 14.2 trillion ?
BTW Geithner is NO rose himself.

[msgirlintn]

07:17 PM on 06/02/2011

I wish Geitner all the luck in the world dealing with these tea bagger Repubs that don't even understand what the debt ceiling is or what not extending it will do to not only the US economy, but the world's economy.

[Dhammi]

07:46 PM on 06/02/2011

Alas!

[Bloggerrogr]

07:50 PM on 06/02/2011

msgirl;

Not to mention that both Moody's and S

[msgirlintn]

08:45 PM on 06/02/2011

Hey Blogger! Amen to that! Did you read the article about Boehner and the foreclosures and how much he has taken in from Wall St? It's so good to see you, my friend. I miss you being around here so much. I hope you are feeling good and all is well with your health.