Godlike Productions - Reply to Thread

Users Online Now: 2,140 (Who's On?)	Visitors Today: 798,049
Pageviews Today: 1,316,110	Threads Today: 523	Posts Today: 9,138
01:27 PM

REPLY TO THREAD

Subject Geithner: 'Absolutely' willing to go off the fiscal cliff

User Name

Font color: Font:

In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.

Original Message [link to www.politico.com]

Treasury Secretary Tim Geithner said Wednesday that the Obama administration was prepared to dive off the fiscal cliff if Republicans do not agree to raise tax rates on upper income brackets.

Geithner was asked on CNBC: "When it comes to raising taxes on the wealthy, those making more than $250,000 — if Republicans do not agree to that, is the administration prepared to go over the fiscal cliff?"

"Oh, absolutely," Geithner replied. "There's no prospect in an agreement that doesn't involve the rates going up on the top 2 percent of the wealthiest."

"The size of the problem in some sense is so large it can't be solved without rates going up," Geithner said about the country's fiscal challenges. "I think there's a broad recognition of that reality now."

Pictures (click to insert)





\| Next Page >>