Skip to comments.US will not make drastic budget cuts, Geithner tells Davos
Posted on 01/31/2011 6:36:20 PM PST by FromLori
Timothy Geithner, the US Treasury Secretary, appeared at the World Economic Forum in Davos to tell delegates that drastic spending cuts by the United States government was not a responsible way to bring down the countrys national debt.
The United States is the latest of many developing countries to face criticism from counterparts over unsustainable deficits and growing government debt. This criticism has grown since the US Congressional Budget Office revealed a record deficit of US $1.5 trillion for 2011.
In addition, congress will need to lift the debt ceiling past US $14.39 trillion before May to avoid a fiscal crisis within the government.
At Davos, therefore, delegates have been speculating over whether the US will be able to enact a sensible fiscal policy before there is a global rejection of the US dollar.
(Excerpt) Read more at story.argentinastar.com ...
So he is warning the other countries that we ride our huge deficits all the way to default?
Is it really up to him?
Geithner is a womyn’s studies major who stumbled into a quantum physics class.
Is this guy is a total idiot? If my dept goes up, I cut spending, my dept goes down ... what am I missing? Please, someone help me here.
“Yes it will” Tea Party tells Geithner.
drastic spending cuts by the United States government was not a responsible way to bring down the countrys national debt.
There is NO political will to stop spending. If there was they`d have to admit is is socialist un-constitutional spending that is destroying the USA. They won`t admit it, that is their power that they will never give up
I saw him on the Charlie Rose show. He was tapping his wingtops a mile a minute like a nervous weasel.
You’ll get yours, my pretty! And your little dog too!
Would someone tell little Timmy that those decisions are above his pay grade.
I wonder if Timmy also told them that he was going to help decrease the deficit this year by paying his taxes.
Isn’t that the House’s call, putz?
It almost seems he’s dying for a collapse of the dollar, From. It is also interesting that we’re hearing this from an Argentine news source.
Welcome to Free Republic!!
hide and watch you little tax dodging douchebag. The House controls the purse strings.
Soros owns the DNC.
Obama is his slave.
Soros makes his money when things loose value.
“I wonder if Timmy also told them that he was going to help decrease the deficit this year by paying his taxes.”
I’ve noticed some dollar bills with the words ‘TAX CHEAT’ above Timmy’s signature.
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