Tim Geithner is going to end this depression now!
Treasury Secretary Timothy Geithner said Friday that Congress should
stop placing legal limits on the amount of money the government can
borrow and effectively lift the debt limit to infinity. 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.
Not satisfied with this intellectual victory, Paul Krugman celebrated by calling for a 91 percent tax rate. The amazing thing is that wasn’t even the craziest thing in his column. He also asserted: “We are, morally, a much better nation than we were.”
His claim puts me in mind of the Book of Isaiah. “Woe to those who call evil good and good evil, who put darkness for
light and light for darkness, who put bitter for sweet and sweet for
bitter.”