Geithner says US credit rating safe despite debt

Associated Press ^ | February 7, 2010

[Zakeet]

Treasury Secretary Timothy Geithner (GYT'-nur) says the U.S. government "will never" lose its sterling credit rating despite big budget deficits and a newly increased debt limit that now tops $14 trillion.

[Snip]

Moody's Investors Service recently issued a warning that the government's credit rating could eventually be in jeopardy if nation's finances don't improve. The cost of borrowing would increase significantly if the ratings service lowered the credit rating, also known as a bond rating, for U.S. Treasuries.

Geithner tells ABC's "This Week" that will never happen.

[Zakeet]

You Freepers are worried about nothing with respect to the Federal deficit because credit worthiness has nothing whatsoever to do with either the magnitude of the debt or the ability to repay it.

And I should know because I am the Big Wee Wee's chief inmate in charge of the finance wing of the asylum.

[ecomcon]

Famous last words.

[Cricket24]

Geithner should be in JAIL!

[FlingWingFlyer]

I wonder if this is one of this administration's "Fill in the blank than expected" things that they are so famous for.

[Leisler]

If you bet against Bernanke, Geitherner, Paulson the last three years, you’d be God awful rich.

[SJackson]

Not to worry, Tim’s on the case. AIG maintained it’s AAA rating till the end, Fannie and Freddie never lost theirs., he’ll fix things again.

[BobL]

“Timothy Geithner (GYT’-nur) says the U.S. government “will never” lose its sterling credit rating...”

So now we get to the rut of the problem.

[silverleaf]

Mr and Mrs Cleaver, you know I would never do anything to damage Wallace and Beaver’s credit rating. You have my word as a gentleman..”

[tobyhill]

What a moron.

Right now it would take $50,000 for every person in America to pay off our debt but since only half pay taxes it would take double that for every taxpayer in America.

[timetostand]

I was once told to never say never. This ship will NEVER sink!!!!

[rabscuttle385]

.

[jiggyboy]

Does this count as “nothing is true until it is officially denied” ?

[Carley]

And Turbo Tax told him so.

[TiredofItalltoo]

oh yeah, I trust the guy who can’t run Turbo Tax

[stephenjohnbanker]

“Geithner should be in JAIL!”

Let’s just leave it there.

[radioone]

The ratings agencies Better keep the USA triple-A rating or they could be nationalized in a heartbeat.

[Eric in the Ozarks]

A message from the Tax Cheat.

[Travis McGee]

"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."

~~Ludwig Von Mises

[chainsaw]

Treasury Secretary Timothy Geithner (GYT’-nur) says the U.S. government “will never” lose its sterling credit rating

He should tell that to the Chinese. They won’t buy any more worthless US paper. They own a trillion $ now.

[stephenjohnbanker]

Yeah ;-)