We have to find a way to give the American people confidence that we are going to have a framework that brings these deficits down.
Tim Geithner: “We have to find a way to give the American people confidence that we are going to have a framework that brings these…”
Editor's note · Context
Geithner stresses the need for a framework to reduce deficits and build public confidence.
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If those were embraced by the Congress tomorrow, there would be substantially more confidence around the world in the capacity of this political system in Washington.
we have suggested that the burden for the revenues that would have to come on the individual side should fall on the most fortunate 2 percent of Americans through an increase in the effective tax rate on those individuals.
I think you see reflected there, like you see reflected across the country, a deep sense of concern about the fact that we have 9 million Americans out of work.
It would raise, dramatically, the borrowing cost, permanently, for all Americans.





