Gosh, I hate to borrow one of our Dear Leader Obama’s favorite phrases – “let me be clear”. However, I think it might be somewhat appropriate in my response to something that Treasury Secretary Timothy Geithner is reported to have said. . .
Treasury Secretary Timothy F. Geithner said the U.S. is in no danger of losing its Aaa debt rating even though the Obama administration has predicted a $1.6 trillion budget deficit in 2010. “Absolutely not,” Geithner said, when asked in an ABC News interview broadcast today whether a downgrade is a concern. “That will never happen to this country.”
Gosh, I guess Mr. Geithner, no doubt because of his intelligence and knowledge, can see far into the future. The United States’ debt will never be downgraded. Never ! If it were not for my conviction that one should never say “never”, Mr. Geithner’s comments would make be feel comfortable for the future of my children and my grandchildren. Let me be clear – one should never say “never”!
Yes, I did use one of Obama’s favorite phrases – “let me be clear”. He used it again yesterday when he spoke to members of the Democratic National Committee, saying that “Just in case there’s any confusion out there, let me be clear. I am not going to walk away from health insurance reform.” (Gosh, I wonder if he will never walk away from health insurance reform.)