If we don't do that, then we are going to have a rising debt-to-GDP ratio over time and higher interest rates.
Tim Geithner: “If we don't do that, then we are going to have a rising debt-to-GDP ratio over time and higher interest rates.”
Editor's note · Context
Geithner emphasizes the importance of reducing deficits to prevent rising debt and interest rates.
Share
More from Tim Geithner
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.
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.





