(Reuters) – Treasury Secretary Timothy Geithner said on Wednesday that there was no alternative except for Congress to raise the debt ceiling so that the government can keep borrowing.
“Congress has to do it. There’s no alternative,” he said in response to questions at a House of Representatives appropriations subcommittee.
Here. Hey, Tim, cut spending elsewhere to pay for the new programs you want. That’s what households do, why can’t you?
Folks, listen to me. Every dollar the politicians — all politicians, not just the ones you hate — spend is money taken out of your pocket. It’s that simple. And every dollar they spend and every new regulation they enact is a drag on your prosperity.
I’m not willing to keep making this trade-off. Are you?