Posted on 08/06/2011 7:41:54 AM PDT by yoe
Treasury Secretary Tim Geithner said Tuesday there is “no risk” the U.S. will lose its top credit rating amid a new analysis that revised its outlook on American debt to “negative.”
Geithner took to the airwaves of financial news networks to push back against a report Monday by Standard & Poor’s that lowered its outlook on U.S. debt to “negative,” reflecting political uncertainty over whether lawmakers will reach an agreement to address long-term debt.
There is no chance that the U.S. will lose its top credit rating, Geithner said, forcefully disputing the notion that S&P or other ratings services might downgrade U.S. bonds from their current AAA rating.
“No risk of that, no risk,” Geithner said on the Fox Business Network.
(Excerpt) Read more at visiontoamerica.org ...
Coming from a tax cheat heading our IRS and further coming from one of the idiots who got us into this mess from the get go...wonderful..../s =.=
geithner never belonged in that job,
and should leave.
Cut, Cap, and Balance
Geithner - a moron’s moron.
DeMint says he now needs to step down....since, he lied to us...and knew full well...this would happen...
Never should have raised the debt limit and the stock market would have gone up
But then again, nearly all of this administration should be.
I agree Geithner is a dithering idiot bureaucrat. No wonder Obama likes him.
I think he has to step down this week to take a small step to restoring confidence in things.
Is Paul Volcker too old to come back? I realize he’s been a friend of Obama as of late, but the economy needs an old hand who they have confidence in.
So little Timmy says there was a 2 trillion dollar mistakes in his figures, did we really have a debt ceilings problem, are did Timmy run out of toes and fingers to count on.
“Never should have raised the debt limit and the stock market would have gone up”
IMO you are right about that. This would have likely encouraged investors to think that we were finally grappling with the problem. Instead, Washington kicked the can down the road, once again.
If they passed the CCB or the 1% plan this would never have happened and stocks would have gone up.
geithner and obama share an international upbringing that left them less than patriotic.
Timmy is still batting 1000, always wrong.
The (.)bama economic tour bus will probably detour out of the box and head for the Treasury parking lot...good bye Tiny Tim.
Now that the tax cheat will be gone....another dolt named Corzine will be pushed to take his place. Shep Larry and Moe continue to run the executive and two parts of the legislative branch so why should we expect anyone more than those dolts in the Secretary’s position.
Speaking of Dolt’s, I wonder if Bonehead cried when the AAA went away. Weed, er Reid does not care and all (.)bama knows about a AAA rating is he expects them to jump start his car.
“Timmy is still batting 1000, always wrong.”
Yes, kind of like an inverted compass.
I think Little Timmy should stay - he represents Obama well.
Plus who will zerO appoint to replace, John Corzine ?
Didn’t they say unemployment wouldn’t get above 8%?
This coming from a man who blamed his tax evasion on Turbo Tax. Anyone who thinks the Ivy League pukes are "The best and brightest" is seriously delusional.
DNC Chairman Debbie Wasserman Schultz: ‘We own the economy’ - June 15, 2011
We're going to hang you with this Ms Wasserman Schultz!
FUBO GTFO 2012 !
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