Day: March 22, 2012

Let’s Be Honest

Treasury Secretary Timothy Geithner testified before a House committee yesterday. When asked by a Republican congressman just how much the debt ceiling would have to be raised to meet all the expected expenses of the next decade, Geithner was reluctant to give a straight answer. In the end, he said something to the effect that the congressman would not be happy with the number. The best estimate from economic analyst Stuart Varney is that we would have to raise the… Read more »