I wonder if he was able to keep a straight face when arguing that the exploding debt and deficits won’t hurt the US credit rating.
USA Today: Treasury Secretary Timothy Geithner 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. …..
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.
Via Weasel Zippers
