Treasury Secretary Timothy Geithner admits many Americans will face hard times for a long time to comeObamanomic has not worked, yet.  Geithner says his boss, President Barack Obama, rescued the United States from a second Great Depression, but cannot prove it.  Geithner is sure the ineffectual Obama and will keep on pushing "spend more" politics.  Geithner agrees it will be some time before many people feel like the Obamanation is recovering.  Geither told NBC's "Meet the Press" that it's a very tough economy. He says that for a lot of people "it's going to feel very hard, harder than anything they've experienced in their lifetime now, for a long time to come."  Obama has created a new misery index for USA citizens.

Congresswoman says Americans too stupid to understand debt ceiling - but she can't explain it 

Monday, Jul 18, 2011 at 3:15 PM EDT

   Are Americans too stupid to understand the debt ceiling? That’s what one Congresswoman said – and then moments later she couldn’t explain it herself!

   Congresswoman Jan Schakowsky said that the federal government will stop paying the check if the debt ceiling isn’t raised, but at the same time said that there is a trust fund set up with enough money to pay Social Security through 2037.

   “It’s a pay‑as‑you‑go but we also have a trust fund.  If you don’t have a pay‑as‑you‑go, then use a trust fund,” Pat explained.

   But when the reporter interviewing Schakowsky asked why Washington won’t just go to the trust fund to pay the Social Security checks, sha said “You don’t understand how Social Security works.”

   The reporter pointed out that her remarks echo those of the President who said “let me distinguish between professional politicians and the public at‑large” when asked if he still needed to convince the American people of the crisis which could occur if the debt ceiling was not raised. “The public is not paying close attention to the ins and outs of how a treasury auction goes,” Obama added.

   “She thinks if you can just say it and say it with a straight face, everyone’s going to believe it,” Stu said of Schakowsy’s remarks.

“Most people will assume that they are missing something,” Glenn said. He also suggested that the average American would explect the media to report on misstatements or outright lies coming form politicians.

   “No one in the press is going to come to the party.  No one in the press is going to set this straight.  No one.  They’re not going to do it.  Trust me, I’ve tried.  They are not going to do it.  Move on from the press.  You must be the press.  You must be the person that sets things right.  And you must understand that you are smart enough to figure it out.”

http://www.glennbeck.com/2011/07/18/too-stupid-to-understand-debt-ceiling/

   Adult Republicans have passed a bill to raise the debt ceiling.  The partisan Democrats refuse to even discuss the bill to raise the debt ceiling.  These childish Democrats do not even have their own legislative proposal for raising the debt ceiling limit.
   Our USA, as we know it, will end on August 2.  Obama and Geithner told us, that's the date by which we must have a debt ceiling increase.  Of course, some think Obama and Geithner are liars,  but who but right wing extremists would believe this?
  How come the Democrats refuse to come up with any legislation to increase the debt ceiling?  How come the Democrats - and the lamestream media - sit by, do nothing, and then whine and complain when the Republicans try to save the nation from the 8/2/2011 fiscal disaster.  How stupid do you need to be to pretend the coming financial disaster will be caused by Republicans?
   Senate Democrats and Obama obviously want to destroy the credit rating of our nation, let old people die and not pay our military service and veterans.  We must never again elect socialist democrats to represent us.  http://boomerspeaks.com/IssueSpending.htm.  Also see Government Spending and Government Spending, Budgets, Debts and Deficits)