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<\/p>\nRUSH: Geithner, we\u2019re back to Little Timmy, tax cheat, Treasury secretary. He\u2019s on PBS NewsHour last night. The co-anchor Jeffrey Brown interviewing Geithner, Brown says, “Here we are again this week. The debt limit question has bubbled up.”<\/p>\n
BROWN: Believe it? Can you believe it?<\/p>\n
GEITHNER: I don\u2019t understand it.<\/p>\n
BROWN: You can\u2019t. Because —<\/p>\n
GEITHNER: I don\u2019t understand it.<\/p>\n
BROWN: You can\u2019t understand because why?<\/p>\n
GEITHNER: Because look at how much damage it caused the country last August. We have all these challenges to us as a country with political politicians threatening to default if we don\u2019t adopt a partisan political agenda. It\u2019s deeply irresponsible.<\/p>\n
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RUSH: So Little Timmy doesn\u2019t understand why the debt limit argument\u2019s back. Well, it\u2019s because we\u2019re approaching the debt limit, Timmy. The debt argument\u2019s back because we\u2019re approaching the limit. Clinton was out, we had this story where Clinton was calling for tax increases across the board. He also ripped into the Republicans for not compromising. And it was the day after that, Obama talking about the debt limit deal that\u2019s coming up, he said he was not gonna accept any other alternatives but his. He was not gonna listen to anything but his way on this, fully illustrating that compromise isn\u2019t really compromise. Compromise is Republicans caving. Here\u2019s Little Timmy, “Yeah, we have all these challenges to us as a country with political politicians,” it\u2019s what he said, “political politicians threatening to default if we don\u2019t adopt a partisan political agenda.” <\/p>\n
This stuff gets so tiring, folks. It really does. You\u2019ve been to one debt limit deal party, you\u2019ve been to all of them. Here we are back in the same stuff, same exact history is going to be played out, same allegations. Obama wants more, spend every dime he can get, print, borrow, what have you. The Republicans hold all the cards here. But they don\u2019t know it. And they don\u2019t want to act like it. Now that it\u2019s an election year, the Republicans are going to be sensitive to charges that they will be comfortable with Social Security checks not being cut and Medicaid checks not being made. It\u2019s the same old rigmarole and it\u2019s just tiring. Isn\u2019t exceeding your debt limit irresponsible, Little Timmy? Isn\u2019t that what\u2019s irresponsible here? It\u2019s not the Republicans who are irresponsible, except those who have no discipline on spending. Isn\u2019t what\u2019s really irresponsible, this whole debt limit deal? What the hell is the limit for? Gets even better in the next bite. This egghead can\u2019t comprehend why Americans don\u2019t realize the economy\u2019s been growing for two-and-a-half years.<\/p>\n
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BROWN: But are you sure about that? Because most people don\u2019t seem to see that.<\/p>\n
GEITHNER: You\u2019re still seeing a huge amount of damage left over from the crisis, and that had deep, lasting scars on the basic confidence of Americans. But everything we can see and feel in the economy supports this picture of gradual continued strengthening. You know, the economy\u2019s been growing now for more than two-and-a-half years.<\/p>\n
RUSH: This little twerp is literally out of it. Does listening to that give you any confidence? This is the Treasury secretary mumbling through this, still seeing huge amount of damage. Everything we can see and feel, the economy supports this picture of gradual continued — no. I can show you chart after chart after chart where we\u2019re heading straight down. There is no gradual improvement. Marco Rubio was pulling his hair out when he heard about this, just like I am. He was on with Cavuto on the Fox News Channel. And they were discussing this. This is what Marco Rubio said.<\/p>\n
RUBIO: There\u2019s the crisis right there, is the fact that Geithner doesn\u2019t think there is one. I mean the president\u2019s budget, who he worked for, was just voted down yesterday 99 to nothing. Not even the Democrats are voting for the president\u2019s budget, and the Senate Democrats haven\u2019t offered a budget in over three-and-a-half years. I mean do people back home fully understand what I just explained? The Democrats in Washington that control the Senate have not offered a budget in three-and-a-half years. That\u2019s outrageous. And I think for the secretary of the Treasury to say that there is no crisis when this government will again this year spend over a trillion dollars more than it takes in, I think that right there is the crisis.<\/p>\n
RUSH: Senator, the people back home get it. The people back home fully understand what\u2019s going on and they\u2019re fit to be tied over it, and every chance they have to tell you and to show you at the ballot box, they do. So Cavuto responded. He said, “What Geithner was referring to was the threat from Boehner that when we come to the debt ceiling issue later this summer that there isn\u2019t a corresponding amount of spending cuts to go along with however much you raise the debt ceiling, he\u2019s not gonna go for it. So here again another debt crisis, and it\u2019s the same thing: Republicans want cuts, Obama\u2019s not gonna go for any cuts, and we\u2019re back to the same place. So what does that mean?”<\/p>\n
RUBIO: We are having a debt ceiling crisis on a daily basis, and here\u2019s why. ‘Cause this government every year is spending one-and-a-half trillion dollars more than it takes in.<\/p>\n
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<\/a>RUSH: Yeah.<\/p>\n