What a crock. Timmah might as well predict that the sun will set, plunging the world into a good 8-10 hours of darkness, if he doesn’t get his toes licked. Or is that Spitzer?
Because there *will* be a double-dip. Because we never got out of the first dip. This economy is not in any sort of recovery, but the Marxists in the White House have discovered that it doesn;t have to if they can manipulate the indicators directly. We are still sliding down a big ol’ hole with the Marxists furiously digging away ahead of us.
The debt ceiling is one of the least tangible of possible causes for financial problems, yet last week it was Geithner telling us we would be in for a meltdown if the limit were not raised in early May. Before that, it was Bernanke with “financial paralysis”. And Reid. And Obama. Oh, Pelosi got some of that as well.
But anybody with two brain cells can tell you what wil lhappen if we do not raise the debt ceiling. We will prioritize our spending to cover the debts, and reduce what’s left. Same as any family does it. Congress has become so overly fond of linear assumptions and one-iteration calculus.
Sure enough, Geithner trotted out some “acounting tricks” like paying your bills first, then buying Ho-Hos by which he could spare us from real pain for a couple of months. Naturally, this is predicated upon the money shifts being legal, as money comes in differenet “colors” (authorizations, like accounts) in the government. But no matter. The take-away is that there is a plan for dealing with the debt limit right where it is, it does not involve anything coming apart at the seams, and they know it.
They are just plain lying about the debt ceiling, and trying to pin blame for their own failure on a 99% unrelated issue which they know they are going to get rolled on.
