Geithner: Absolutely willing to go off the fiscal cliff

Discussion in 'Politics' started by Grandluxe, Dec 6, 2012.

  1. TBy BYRON TAU | 12/5/12 4:18 PM EST
    reasury 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."

    Okay, then.
  2. pspr


    Geitner ran the numbers through his Turbo Tax program and it said it was OK to go over the cliff. HIS taxes won't increase.
  3. lil timmy is functionally a fvcking idiot.
  4. Lucrum


    Now that IS funny. :)
  5. Wouldn't matter if it did , he doesn't plan on paying anyway.

    He's quitting , it's not like he's going to pay his taxes so he can quit his job. He only paid his taxes so he could pass senate confirmation, there is no hoop to jump through in order to do that.