Glenn Reynolds notes how convenient it is that Treasury Secretary Timothy Geithner [says the] Debt-Ceiling Must Be Settled Until After 2012 Election. He wants Congress to “take default off the table for the next 18 months … through the election.”
Might have been more convenient for Democrats to settle it before the 2010 elections when they had the votes to do so, considering, that is, how they used those votes to increase the debt as an astronomical pace.
If the Democrats hadn’t lost the House, the spending and deficits would continue to run unabated. The only thing standing between the USA and complete bankruptcy is the GOP majority in the House.
This “barn is burning” way of doing things is all too typical of the way this administration has acted over the last 2 and a half years on just about every issue… and what makes it worse, is we’re no more ahead then we were the day the Obama administration took over in Washington….. Thank God it’s all coming to an end soon.
The deficit will remain a campaign issue for 2012.