It would be better for the country for Congress to provide some certainty about how we are going to address these long-term fiscal problems.
Tim Geithner: “It would be better for the country for Congress to provide some certainty about how we are going to address these…”
Editor's note · Context
Tim Geithner advocates for Congress to address long-term fiscal issues sooner rather than later.
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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.
If Congress were to choose to try to defer everything... that would be very damaging to the interests of the country.
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…





