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(BBC) Davos 2011: Timothy Geithner resists pressure for drastic cuts

Posted on January 29, 2011 by Kendall Harmon

US Treasury Secretary Timothy Geithner has told Davos delegates rapid, drastic spending cuts are “not the responsible way” to cut national budget deficits.

He also said the US was more confident now there was a sustainable expansion, but said it was not a boom.

Mr Geithner said “education, innovation, and investment” were the way forward for the US economy.

Read it all.

Posted in * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Economy, Globalization, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The U.S. Government, Treasury Secretary Timothy Geithner

3 comments on “(BBC) Davos 2011: Timothy Geithner resists pressure for drastic cuts”

  1. Archer_of_the_Forest says:
    January 30, 2011 at 12:24 am

    Ironically, those “drastic cuts” would, in fact, be educational, innovative, and a good investment in the future.

  2. Br. Michael says:
    January 30, 2011 at 12:37 am

    [blockquote]Mr Geithner said “education, innovation, and investment” were the way forward for the US economy.[/blockquote]

    Meaning we need to spend our way out of overspending.

  3. lostdesert says:
    January 30, 2011 at 3:48 am

    Has Tim paid his taxes yet? Why do these people make mistakes in preparing their tax returns which results in them paying less taxes, never more taxes? Hmmm.