Tim Geithner Refuses To Tell Chris Wallace What Happens If Debt Ceiling Isn’t Raised
Despite persistent questioning from Chris Wallace, Treasury Secretary Timothy Geithner refused to acknowledge what his plans were just in case the debt ceiling is not raised before August 2nd. Insisting that his plan was only to get Congress to raise the debt ceiling, Geithner seemed to demonstrate just how fearful he is of what might happen by hesitating to even discuss the possibility of any contingency plan.
Continuing to sound the alarm, Geithner warned Wallace, “we do not have the ability, Chris, to protect the American people from the consequences of Congress not” raising the debt ceiling. And he reiterated that as the country writes 80 millions checks a month, “there are millions and millions of Americans that depend on those checks coming on time.”
Wallace understood the urgency, yet still was curious whether any decisions had been made regarding which types of government payouts will be prioritized, just in case? Geithner successfully kept his answers as vague, and somewhat distressing, as possible, with the cryptic conclusion, “we will do everything we can to mitigate the damage.”
Watch the clip from Fox below:
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