It's critically important. I'll give you an example of how to--if the Congress extends those tax cuts that go to 2 percent of the most fortunate Americans in the country, we have to go borrow $1 trillion over 10 years.
Geithner emphasizes the financial irresponsibility of extending tax cuts for the wealthy.
Share
More from Tim Geithner
If the U.S. Government were at this time... to significantly reduce the assistance it provides students going to college, that would be a bad thing for the country.
The TARP bank investments have already produced a profit for the taxpayer of over $19.5 billion.
I do not believe there is a credible argument to make that uncertainty about our fiscal deficits or uncertainty about the design of regulation in Washington today is having a material adverse effect on the American economy today.
If Congress were to choose to try to defer everything... that would be very damaging to the interests of the country.
Other voices in this conversation
