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Monday, April 4, 2011

Raising Debt Ceiling- who specifically benefits?

Tim Geithner, you claim that is vital the Congress agree to raise the debt ceiling by May 16th...  How is it vital?  Is it to protect the American citizen?  Please clarify....

"The longer Congress fails to act, the more we risk that investors here and around the world will lose confidence in our ability to meet our commitments and our obligations," Geithner said in a letter today to congressional leaders.

Um.. so its the Investor we are needing to protect?

Say again?    

We need to increase our National Debt  and suffer even further to benefit whom?

Investors domestically and globally?

~ And sorry, but No-- if you own 100 shares of Disney or have a 401k, you're not an 'Investor' and the Treasury Secretary isn't interested in protecting you.

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