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Geithner says US credit rating safe despite debt
Associated Press ^
| February 7, 2010
Posted on 02/07/2010 6:10:05 AM PST by 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.
(Excerpt) Read more at breitbart.com ...
TOPICS: Business/Economy; Extended News; Government; News/Current Events
KEYWORDS: aig4sharia; aigissharia; budget; deficit; enemydomestic; finance; geither4ford; geithner; geithner4aig; geithner4gs; geithner4islam; geithner4sharia; islaminside; msmhidessharia; msmsilent4sharia; noaccountability; notransparency; taxcheat; taxcheat4islam; taxcheat4sharia; taxcheatincharge; taxpayers4aig; taxpayers4china; taxpayers4ford; taxpayers4sharia
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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.
1
posted on
02/07/2010 6:10:05 AM PST
by
Zakeet
To: Zakeet
2
posted on
02/07/2010 6:11:50 AM PST
by
ecomcon
To: Zakeet
Geithner should be in JAIL!
3
posted on
02/07/2010 6:13:40 AM PST
by
Cricket24
(Conservatives Only...NO RINO'S!!!!!!!!!!)
To: Zakeet
I wonder if this is one of this administration's "Fill in the blank than expected" things that they are so famous for.
4
posted on
02/07/2010 6:15:06 AM PST
by
FlingWingFlyer
(If the CIA and NASA are going to "monitor climate change", why the hell do we need the EPA?)
To: ecomcon
If you bet against Bernanke, Geitherner, Paulson the last three years, you’d be God awful rich.
5
posted on
02/07/2010 6:15:19 AM PST
by
Leisler
(We are in the best of hands)
To: Zakeet
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.
6
posted on
02/07/2010 6:15:28 AM PST
by
SJackson
(In wine there is wisdom, In beer there is freedom, In water there is bacteria.)
To: Zakeet
“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.
7
posted on
02/07/2010 6:15:35 AM PST
by
BobL
(When Democrats start to love this country more than they hate Republicans, good things might happen.)
To: Zakeet
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..”
8
posted on
02/07/2010 6:15:37 AM PST
by
silverleaf
(My Proposed Federal Budget is $29.99)
To: Zakeet
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.
9
posted on
02/07/2010 6:16:17 AM PST
by
tobyhill
To: Zakeet
I was once told to never say never. This ship will NEVER sink!!!!
10
posted on
02/07/2010 6:16:32 AM PST
by
timetostand
(Ya say ya wanna revolution -- OK!)
To: stephenjohnbanker; wafflehouse; Leisler; PAR35; TigerLikesRooster; AndyJackson; Thane_Banquo; ...
11
posted on
02/07/2010 6:17:27 AM PST
by
rabscuttle385
(Purge the RINOs! * http://restoretheconstitution.ning.com/)
To: Zakeet
Does this count as “nothing is true until it is officially denied” ?
12
posted on
02/07/2010 6:17:32 AM PST
by
jiggyboy
(Ten per cent of poll respondents are either lying or insane)
To: Zakeet
And Turbo Tax told him so.
13
posted on
02/07/2010 6:19:26 AM PST
by
Carley
(Are you better off now than one year ago? HELL NO!!!!!)
To: Zakeet
oh yeah, I trust the guy who can’t run Turbo Tax
To: Cricket24; rabscuttle385
“Geithner should be in JAIL!”
Let’s just leave it there.
15
posted on
02/07/2010 6:34:32 AM PST
by
stephenjohnbanker
(Support our troops, and vote out the RINO's!)
To: Zakeet
The ratings agencies Better keep the USA triple-A rating or they could be nationalized in a heartbeat.
16
posted on
02/07/2010 6:36:03 AM PST
by
radioone
("The bigger the government, the smaller the citizen.")
To: stephenjohnbanker
A message from the Tax Cheat.
To: Zakeet
"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
18
posted on
02/07/2010 6:40:35 AM PST
by
Travis McGee
(---www.EnemiesForeignAndDomestic.com---)
To: Zakeet
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.
19
posted on
02/07/2010 6:47:12 AM PST
by
chainsaw
("When you subsidize poverty and failure, you get more of both." - James Dale Davidson)
To: Eric in the Ozarks
20
posted on
02/07/2010 6:51:36 AM PST
by
stephenjohnbanker
(Support our troops, and vote out the RINO's!)
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