Video: Biden Invents a New Number, ‘One Point Trillion Dollars’

October 30, 2012 at 7:38 am (2012 Election, Joe Biden, Million, One Point Trillion, Trillion, Vice President)

If nothing else, I will miss the comedy relief Joltin’ Joe provides on a near-daily basis.

Biden:  “The first one is the $5 trillion tax plan that the President spoke about – President Clinton – which will provide I might add an additional one point trillion dollar tax deduction to people making a minimum of $1 million a year.”

Watch…

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Video – Geithner on the Amount of Money Needed to Cover Future Obligations: "It Would Make You Uncomfortable"

March 22, 2012 at 7:00 am (Borrowing, Debt, Debt Ceiling, Money, South Carolina, Tim Geithner, Treasury Secretary, Trey Gowdy, Trillion)

More uncomfortable than we already are with the Obama economy?

Here is an exchange between Rep. Trey Gowdy (R-SC) and Treasury Secretary Tim Geithner (The following exchange happened over a few minutes of back and forth. This is a condensed version.):

Gowdy: “If this were the last debt ceiling request you could ask for…the final one and you had to make it large enough for all current and future obligations, what would the request need to be?”
Geithner: “That I’d have to get to you in writing, I can’t do it in my head though.”
Gowdy: “How about a round number?”
Geithner: “No idea….
Gowdy: “$20 trillion?”
Geithner: “I just can’t do it in my head.”
Gowdy: “$50 trillion?”
Geithner: “I don’t know”
Gowdy: “A lot? Can we agree it would be a lot?”
Geithner: “It would be a lot. It would make you uncomfortable.”

The exchange begins at the 2:20ish mark…

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