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Randam Ron Paulism

We need to worry about our borders here at home, not worry about the borders around the world, and the border between Syria and Iraq - that doesn’t have anything to do with our national security, we have to deal with our own national security. Our military right now is in shambles because we’ve been stretched too thin. One of these days we’re gonna have to wake up, and I’m afraid we won’t wake up until we go bankrupt, and we’re approaching that time already.”
  —Ron Paul
 MSNBC, April 2007

Tim Geithner: Debt Crisis Needs Stronger Efforts

WASHINGTON — Treasury Secretary Timothy Geithner wants faster and bolder action to deal with the European debt crisis, and he’s calling that crisis the most serious risk to the global economy.

Geithner tells leaders of the International Monetary Fund that without more decisive moves, there’s a risk of domino-style defaults by European countries.

He says critical decisions cannot wait until the crisis grows more severe.

Geithner has a specific request for the European Central Bank, which serves as the central bank for the 17 nations that use the euro currency. He wants the bank to make sure that countries that are pursuing credible reform programs have access to capital.

The treasury secretary spoke to the IMF on Saturday.

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