Sunday, July 24, 2011

Chris Wallace Takes Tim Geithner to Task Over Obama’s Spending

Tim Geithner was on ‘Fox News Sunday’ today and it seemed a rattled Treasury Secretary was unable to give a straight answer to Chris Wallace. Failing to explain any contingency plans that President Obama said he was investigating, an elusive Geithner only said that his plan was for Congress to raise the debt ceiling. Asked repeatedly what would happen if the debt limit was not raised by the August 2nd deadline, Geithner would not give a definite plan of action.

Mentioning the “80 million” checks written each month by the U.S. Government, Geithner would not say if any program or agency would receive priority from the payouts. Saying, “we will do everything we can to mitigate the damage” Geithner reiterated the fact that “we do not have the ability, Chris, to protect the American people from the consequences of Congress not” raising the debt ceiling.

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