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August 5, 2011

Treasury Secretary Tim Geithner on April 19, 2011: 'No risk' the US will lose its top credit rating'

Topics: Political News and commentaries

Words Timothy Geithner probably wishes he could take back now.

Jim DiMint (R-S.C.), however, had it right all along. After all, the bond-rating houses kept saying that they weren't worried about the debt ceiling not being increased. Rather, they were worried about the long-term prospects of the U.S. government paying back $15-plus trillion, which is where our national debt (both publicly held and obligated to trust funds) will be shortly.

Posted by Richard at August 5, 2011 10:31 PM



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