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Geithner Says U.S. Will ‘Never’ Lose Aaa Debt Rating
Posted By admin On February 8, 2010 @ 10:40 am In Money Watch | Comments Disabled
Monday, February 8th, 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.
“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.”
Geithner said investors around the world turn to U.S. Treasury securities and dollar-denominated assets whenever they are worried about global stability. That reflects “basic confidence” in the U.S. and its ability to bounce back from the global recession, he said.
Moody’s Investors Service Inc. last week said the U.S. government’s bond rating will come under pressure in the future unless additional measures are taken to reduce budget deficits projected for the next decade.
“When the people find they can vote themselves money, that will herald the end of the republic.” – Fall Of The Republic – Buy the DVD here 
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URLs in this post:
 Bloomberg: http://www.bloomberg.com/apps/news?pid=20601087&sid=ahGwg7V3u3Gs
 Buy the DVD here: http://infowars-shop.stores.yahoo.net/faofreprofba.html
 Flashback – Geithner: No Risk U.S. Will Ever Lose AAA Credit Rating: http://www.prisonplanet.com/flashback-geithner-no-risk-u-s-will-ever-lose-aaa-credit-rating.html
 Debt Level, Spending Pose Risk to U.S.’s Aaa Credit Rating, Moody’s Says: http://www.prisonplanet.com/debt-level-spending-pose-risk-to-u-s-s-aaa-credit-rating-moodys-says.html
 Geithner Vows to Cut U.S. Deficit on Rating Concern: http://www.prisonplanet.com/geithner-vows-to-cut-us-deficit-on-rating-concern.html
 AAA Rating Tough to Defend as U.S. Debt Soars: http://www.prisonplanet.com/aaa-rating-tough-to-defend-as-u-s-debt-soars.html
 S&P Rating Agency May Soon Downgrade U.S. Debt From AAA: http://www.prisonplanet.com/sp-rating-agency-may-soon-downgrade-u-s-debt-from-aaa.html
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