More steps may be needed on economy: Geithner

Source: Reuters

By David Lawder

WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Sunday more actions may be necessary to firm up economic recovery, including extended unemployment aid, and declined to rule out future tax hikes to reduce massive budget deficits.

Geithner also said the government needed to show the will to reverse massive deficits after the recovery, including raising tax revenues if necessary.

"We have to bring them down to a level where the amount we're borrowing from the world is stable at a reasonable level," Geithner said on ABC's "This Week with George Stephanopoulos."

"And that's going to require some very hard choices. And we're going to have to do that in a way that does not add unfairly to the burdens that the average American already faces."

Read more: http://www.reuters.com/article/politicsNews/idUSN0248059020090802

there are no poor no more

...Til there are no RICH no more.

But you knew that. Don't be shy.

College Grad Can't Find Job, Wants $$$ Back

snip
Thompson, a graduate of Monroe College, is suing her school for the $70,000 she spent on tuition because she hasn't found solid employment since receiving her bachelor's degree in April, according to a published report.The 27-year-old information-technology student accuses the school's Office of Career Advancement for not living up to its end of the deal and offering her the leads and employment advice it promisedsnip

"They have not tried hard enough to help me," the beleaguered Bronx resident wrote in her lawsuit, filed July 24 in Bronx Supreme Court.
snip

http://www.nbcnewyork.com/news/local-beat/College-Grad-Cant-Find-Job-Wants--Back-52304162.html

graduated in April....still out of work.

An example of instant gratification if ever there was one.

said:

"Creative capitalism".

More journalists on tech sites are saying media engineers will be needed more than programmers.

What she should do is ask the President for the government to truly subsidize student loans, like how other countries do.

Someone needs to tell her that while in "good times" her little degree would allow her to just waltz in to a job it won't anymore. If she doesn't actually have any REAL people skills, work ethic, experience, and willingness to work her way up she is going to be in for a major reality check.

Send him out along the highways cutting weeds and picking up beer cans

Hell, no. Don't you know those follow recovery? Eventually.

Thing is they don't always. As evidenced by the last couple of recessions. And our long-term decline in the labor force participation rate. The unemployed become invisible. They're discouraged and no longer part of the workforce. And there sure as hell ain't nobody gonna help them find work - or get the necessary training to re-enter the work force.

the top 1% have not finished a** raping the US taxpayer, and are now ready for a new round of rape and robbery. :grr:

get ready for an emergency transportation consumption bill ( gas tax )
it's ok,
your congressman was against it

before he voted for it.


he had no choice because of reason "X"

Such thing in the US unless those making $250K or more per year are now the new middle class.

The US GDP will continue shrinking because, you see, it is based on consumer spending since we no longer manufacture a cotton-picking thing. Ergo, ain't nobody in the middle class got no money to spend because they've either lost their jobs or are worried/suspect that they will lose their jobs, or their hours have been cut. They realize that, if they've lost their job, the chances of becoming gainfully employed again are slim. So what I want to know is, what middle class is he speaking of, and how do you get blood from a turnip? Geithner is one of the worse, if not the worse, Obama cabinet picks. Whether the middle class or the college grad or the high school grad, jobs are the first concern, yet everything related to jobs creation is a complete mess.