" The MSM, Gone Fishing While U.S. Bond Rating Sinks "

[WhiskeyGirl]

Five weeks ago, on February 8, Bloomberg.com  brought us assurances from Treasury Secretary Timmy Geithner concerning the stability of the U.S. debt rating.

    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 yesterday whether a downgrade is a concern. “That will never happen to this country.”

Geithner stated that, as soon as unemployment declines, “the U.S. plans to rein in the deficit.”  This assurance came, of course, in the midst of a push to pass healthcare legislation that guarantees to increase the national debt, but who’s counting? With economic growth coming over the next four years, the former New York Fed president said five weeks ago that deficit reduction “is within our capacity to do.”  Capacity differs from intent, though.

more here - http://bigjournalism.com/acary/2010/03/15/the-msm-gone-fishing-while-u-s-bond-rating-sinks/