quote

It is a wise man who plants a tree in the shade of which he knows he will never sit. -- Greek proverb --

Judge each day not by the harvest you reap but by the seeds you plant. -- Robert Louis Stevenson --

From On High - Coming to you from a secured redoubt on Big Walker Mountain in the heart of Virginia's Blue Ridge.

Monday, June 01, 2009

Laugher Of The Day

This from the people who are going to double the country's national debt:
Geithner to Reassure China U.S. Will Control Deficits
By Rebecca Christie, Bloomberg.com

June 1 (Bloomberg) -- Treasury Secretary Timothy Geithner arrived in Beijing with a pledge that the Obama administration will control its borrowing as he sought to reassure China its holdings of U.S. government debt are safe.

“No one is going to be more concerned about future deficits than we are,” Geithner told reporters on the way to two days of meetings that start today in China’s capital.

For the fiscal year that ends Sept. 30, the deficit is projected to reach a record $1.75 trillion from last year’s $455 billion shortfall, according to the Congressional Budget Office. [link]
I don't get the feeling that these guys even know what's brought about this crisis.

Not encouraging.

0 comments: