It is inconceivable that America would do that.
Tim Geithner: “It is inconceivable that America would do that.”
Editor's note · Context
Geithner expresses confidence that Congress will avoid defaulting on obligations.
Share
More from Tim Geithner
The only way to restore fiscal responsibility and still preserve the commitments we need to make to our retirees and national security, is by a modest increase in the effective tax rate for the Americans who are in the best position to…
If Congress were to choose to try to defer everything... that would be very damaging to the interests of the country.
Executive compensation played a material role in causing the financial crisis because it encouraged excessive risk taking.
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.





