Timothy Geithner Doesn't Want to be Inconvenienced by a Debt Ceiling

Keep borrowing! Keep borrowing!

Keep borrowing making Timothy Giethner's buddies in the Federal Reserve richer while the American dollar continues its downfall. The Federal Reserve can print more and lend more.

Geithner doesn't wasn't to deal with any types of checks in place either. As Obama and Boehner claim the fiscal cliff is near, Obama's Treasury Secretary says let's put the pedal down and complete the drive off the cliff.

On Bloomberg TV, “Political Capital” host Al Hunt asked Geithner if he believes “we ought to just eliminate the debt ceiling.”

“Oh, absolutely,” Geithner said.

“You do?  Will you propose that?” Hunt asked.

“Well, this is something only Congress can solve,” Geithner said. “Congress put it on itself. We've had 100 years of experience with it, and I think only once--last summer--did people decide to use it to threaten default on the American credit for the first time in history as a tool for political advantage.  And that’s not a tenable strategy.”

Hunt then asked: “Is now the time to eliminate it?”

“It would have been time a long time ago to eliminate it,” Geithner said. “The sooner the better.”