Here we are on a Tuesday and time to move on through the week.
As we mentioned earlier we had a BIG but short T-storm on Monday evening… but today has been OK… no big weather events.
We had a very pleasant visit with some of the family who are with us from
Well… I’ll not bore you with family history just to let you know we’re helping with the relocation. Plus one of the boys in the family completed his pre-med studies at a nearby local university and is getting ready to do work in a doctor’s office here in town in a sort of warm up or hiatus getting ready for med school. I’m glad I’m not in his shoes. I have a hard enough time just putting on an adhesive bandage for a slight finger scrape.
Another of that tribe is helping me get my computer situation in hand… and we hope to correct the problems that have been giving me a hard time.
Anyway… it was surprising to me to find Treasury Secretary Geithner finally mentioning what sources like Heritage Foundation, or NewsMax, or Congressional Quarterly, have already been putting in their publications for some time now – namely that the USA is NOT about to run out of cash with which to pay bills. They have enough cash pouring into the Treasury (especially at this time of year) to carry the day to day expenses over into August. It’s not as if this has been a national secret all this time – it’s just that the Administration was trying to use the overhang of the debt ceiling to accomplish their legislative aims. But they really should know better. The TEA Party people know how to count… and the news about the river of money generally flowing toward the Treasury Department is not a state secret. This whole exercise of spending our way out of the debt crisis has been poorly handled since the reins were turned over in January of 2009.
So here we are scaring everyone to death – and unnecessarily creating a crisis where none exists… at least not *that* one --- of fracturing the debt ceiling.
The Obama Administration has made a bad situation worse – certain Republican and Democrat lawmakers simply ignored the danger signs that were flashing about our debt situation. The rhetoric of the 2009 campaign helped heap coals of fire on an already hot situation … so the President is right when he shifts some of the blame to the preceding administration. But this crazy notion of ‘spending your way out of debt’ doesn’t work for your home budget – and despite all the fancy accounting and economic theory footwork we’ve not seen a resounding correction since the days of before WWII…
Well… no use to plow over that ground again… you’ll get it all on the news. For me… we’re having some phone line problems… so think I’d better turn in anticipating more problems tomorrow. (L)
We’ll be expecting you on Tuesday for JUST A MINUTE.
Cordially, IN HIM
Jack
“JUST A MINUTE”
TREASURY SECRETARY FINALLY BEGINS TO TELL THE TRUTH.
Just a Minute: Tim Geithner, the Wizard of the U.S. Treasury (surprise, surprise) announced yesterday he has performed “sleight of hand” and "extraordinary measures," such as borrowing from internal government trust funds, to keep the government from bouncing off the debt limit until around August second.
Now if you’ve simply believed what Geithner has been telling you up to now you would fear we’re bumping the debt ceiling any hour now. Various conservative news sources have been publishing the real news however. Only if you’d taken Secretary Geithner’s word as accurate, would you be bamboozled. Despite crying “Wolf” since February and ignoring what Treasury experts have been pointing out for months that the
Since Geithner has unexpectedly discovered he internally borrow from Peter to keep Paul solvent we may now mop our collective brow – for a while.
I’m Jack Buttram. (END)
Jebco Editorial Service
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