10 August 2009

Geithner Asks Congress to Increase Federal Debt

U.S. Treasury Secretary Timothy Geithner is stating the Federal Debt is not high enough. "We need to show the world that the United States of America can handle any debt, no matter how many mountains of IOUs we can write."

"We're on par to break a world record," said Geithner. "$1.8 Trillion is what we're heading towards, but I know we can break $2 Trillion with just a little extra effort."

"This is clearly a moment in our history that requires support from both Democrats and Republicans for the increase. Congress has never failed to raise the debt limit whenever we ask," said Geithner.

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