April 17, 2011
Tim Geithner (Sec. of Treasury)
Rep. Allen West (R-FL)
Rep. Joe Walsh (R-IL)
Rep. Renee Ellmers (R-NC)
Rep. Steve Southerland (R-FL)
Amanpour: we have a $14 trillion debt - so should we end Medicare or raise taxes on the rich?
Audience: hmm tough one
Amanpour: Tim what is the debt ceiling and is it made of glass
Geithner: Congress will raise the ceiling because they don’t want to see American credibility completely destroyed - I think
Amanpour: what would happen if we didn’t raise the ceiling
Geithner: we’d stop all payments to old people and soldiers - oh and cause a worldwide Depression
Amanpour: you seem confident that the nuts in Congress won’t default but you are campaigning for it
Geithner: well there are a lot of crazy people in office now
Amanpour: so I’ve heard
Geithner: the whole world is watching and waiting for us to lock in some real fun austerity
Amanpour: Obama ambushed Republicans by proposing a budget after they demanded that the propose a budget
Geithner: um yes
Amanpour: but is being to mean to the nuts the right tone?
Geithner: we could cut taxes and increase spending like the Republicans always do
Amanpour: ooh good idea
Geithner: that was sarcasm
Amanpour: but you are going to damage the recovery
Geithner: if we do this carefully we can boost the economy while cutting spending
Amanpour: I fear you will raise taxes on the rich
Geithner: we have to and Paul Ryan proved it
Amanpour: Boehner says no way to tax hikes
Geithner: their own panic on the debt shows you have to raise taxes on the rich or borrow more the Chinese
Amanpour: why not tax the poor more?
Geithner: there is spending in the tax code that goes to the rich
Amanpour: I see what you did there
Geithner: [ grins sheepishly ]
Amanpour: so what’s your plan?
Geithner: first we raise taxes on the rich and get rid of loopholes that mostly benefit billionaires
Amanpour: the IMF wants you to turn the unemployed into soylent green
Geithner: fuck those foreigners
Amanpour: the British tried austerity and surprisingly it sucks
Geithner: True but they have to support a gold and jewel encrusted monarchical drain on society
Amanpour: we have Donald Trump
Geithner: good point
Amanpour: what about putting some Wall Street crooks in jail?
Geithner: well they are very nice you know
Amanpour: what about prosecutions
Geithner: lets not look back
Amanpour: you will stay on and continue to preside over a recession?
Geithner: I do what I can Christiane
Amanpour: you want to cut the deficit and cut taxes for rich people noble ideas indeed - but ill you wreck American first but not raising the debt ceiling?
Southerland: we won’t vote for raising the ceiling if they don’t offer something serious like eliminating Medicare
Walsh: Tea Partiers were sent to Washington by Americans who realized debt was bad after a black Democrat became President
West: we should amend the Constitution to put the Supreme Court in charge of the budget
Amanpour: Privatizing Medicare will cost old people a lot of money
Ellmers: no - it will empower old people to make their own choices on whether they want to die or not
Amanpour: what if they can’t afford medical care
Ellmers: if we don’t eliminate Medicare we will have to face the horrifying prospect of losing Medicare
Amanpour: if the debt is so bad why not raise taxes on the rich
Walsh: no no no we must cut taxes and grow the economy
Amanpour: I see
Walsh: you cut taxes and revenues go up - it’s like magic!
Amanpour: overall people seem to hate your plan
Southerland: look you can’t do the best thing for America and expect people to like you
Amanpour: of course not
Southerland: I may lose in 2012 but I will do so knowing I did my best to take money from poor people and give it to rich people
Amanpour: thanks for coming