Saturday, July 30, 2011

Flashback: Tim Geithner on the U.S. Debt Rating in February 2010

According to a Bloomberg.com article dated February 10, 2010, Treasury Secretary Timothy F. Geithner said the U.S. is in no danger of losing its AAA debt rating even though the Obama administration has predicted a $1.6 trillion budget deficit in 2010. - American Thinker

"Absolutely not," Geithner said, when asked in an ABC News interview broadcast yesterday whether a downgrade is a concern. "That will never happen to this country."