Geithner: Blame Republicans if we go off the Fiscal Cliff

Geithner: Blame Republicans if we go off the Fiscal Cliff

Geithner has been using official Government Resources to promote partisan speech.  He is using the US Treasuries official Twitter account to send nearly 32 tweets blaming the GOP for a potential fall off the Fiscal Cliff   (e.g.  @USTreasury Sec Geithner @FoxNewsSunday: Only reason we’d go off the fiscal cliff is if Rs “want to extend tax rates for the rich that we cant afford” )

Maybe it’s time to light up their switch board with complaints (202) 622-2000

U.S. Treasury Secretary Timothy F. Geithner said Republicans in Congress will be to blame for hurting the economy if they refuse to raise tax rates on the highest-income earners as part of a deal to avert the so-called fiscal cliff.

 

“There’s not going to be an agreement without rates going up,” Geithner said on CNN’s “State of the Union” airing today, according to a transcript. Republicans will “own the responsibility for the damage” if they “force higher rates on virtually all Americans because they’re unwilling to let tax rates go up on 2 percent of Americans.”

Post-election optimism expressed by Democratic President Barack Obama and Republicans about a compromise on the fiscal cliff is fading as both sides resume positions that have defined the debate over higher taxes on the top 2 percent of earners and cuts in government spending. If there’s no agreement by the end of this month, more than $600 billion in tax increases and spending cuts will start taking effect.

Geithner was scheduled to appear on five talk shows today. In the interviews, taped Nov. 30, he challenges Republicans to make a counteroffer to the Obama administration’s framework plan, according to transcripts.

The Obama plan is to trade $600 billion in cuts for $1.6 trillion in tax increases, primarily targeting families with more than $250,000 in annual income. It also includes $800 billion in assumed savings from the winding down of the wars in Iraq and Afghanistan.

“The ball really is with them now,” said Geithner, the administration’s lead negotiator on the fiscal cliff, on CNN. “They’re having a tough time trying to figure out what they can do, what they can get support from their members for.”

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