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Treasury Secretary Tim Geithner Praises “Positive Side” Of Tea Parties

Treasury Secretary Tim Geithner was interviewed exclusively on Meet the Press yesterday, and the wide-ranging sit-down touched on a variety of financial topics.

But one topic that got Fox News’ attention (they’ve aired the answer several times already this morning) was the “positive side” Geithner talked about when moderator David Gregory asked him about tea parties.

Gregory asked, “It seems that their biggest grievance, those who show up to these rallies, have to do with taxes, with government spending, with the size of the deficit. How serious do you take those concerns? How viable a political force do you consider the Tea Party to be?”

Said Geithner:

Let me do the positive side of this, okay? We’ve just been through eight years where many people said, ‘Deficits don’t matter. We can pass huge tax cuts, pass huge new programs without paying for them.’ That debate has changed fundamentally. Now you don’t hear people say anymore, ‘Deficits don’t matter.’ You don’t hear people saying that we can pass enormous expansion of government without paying for it. That’s an important change. I think all Americans understand that our deficits are unsustainable. And I think that’ll be helpful as we move to try to make the hard choices to bring them down again.”

The ‘deficits don’t matter’ line is one from the previous administration – said by VP Dick Cheney.

Geithner and the tea partiers partying together? Check it out:

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