(ZeroHedge, April 14, 2012):
Geithner April 2011: “Is there a risk that the United States could lose its AAA credit rating? Yes or no?” – Tim Geithner: “No risk of that.”
….
Geithner April 2012: “If we don’t deal with these debt problems we are going to be Greece in two years” – Tim Geithner: “No risk of that.”
On Friday we learned that in 2011, the president paid a less than “fair” 20.5% in taxes on his joint income, substantially less than pretty much most Americans who listen to the now virtually daily sermons on the fairness of class warfare. It prompted us to wonder if the president has not been taking tax advice from the likes of the Treasury secretary, best known not for destroying the US economy, but for having some tax “underpayment” issues of his own, which however TurboTax was delighted to take the blame for. Which explains why now that the president may appear just somewhat disingenuous when discussing tax “fairness”, it is up to the lackey who made tax evasion cool all over again, to defend the “fairness” of the Buffett Rule (shown graphically here) in today’s episode of 60 Minutes. Oddly enough we were expecting Timmy to tell everyone to just use TurboTax… and some creative imagination when it comes to reporting income: he did not, instead he said “If we don’t push for things that make sense, then we’re not governing“. No comment there.
