Tim Geithner: “We are not prepared to leave future generations of Americans vulnerable to the devastating effects of the financial…”

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 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.

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…

You cannot govern a country if you commit never to raise taxes on anybody, because things change, wars happen, crises happen.