OBAMA AND GEITHNER DESPERATE TO CONTINUE SPENDING

Desperation Level Rising…. Fast…

How’s that water Timmy?  Getting a bit warm… and higher up?  On your tippy-toes yet? The U.S. and Germany sparred about how to tackle Europe’s sovereign debt crisis as a meeting of officials from the world’s biggest economies struggled to break an impasse over outside help for the region. U.S. Treasury Secretary Timothy F. Geithner used a speech in Mexico City yesterday to urge Europe to step up its actions and render its crisis-fighting commitments “credible.” German Finance Wolfgang Schaeuble rebuffed those calls two hours later, sayinga deal struck on Feb. 21 for a second bailout and debt write-down for Greece worth 130 billion euros ($175 billion) demonstrates that Europe is doing enough.