Huffpost Business

Tim Geithner: We Can't Let Deficit Fears 'Weaken The Safety Net'

Posted: Updated:
TIM GEITHNER
Getty


CHICAGO, April 4 (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Wednesday that Americans can't let fear of future deficits stymie necessary government investment in projects that are needed to spur growth.

Speaking to the Chicago Economic Club, Geithner tackled Republican opponents of the Obama administration who claim that spending is excessive.

"There is no economic or financial case for using the fear of future deficits to cut as deeply into core functions of the government, to weaken the safety net or fundamentally alter Medicare benefits as do the Republican proposals," Geithner said.

Around the Web

Geithner: Deficit Largely From Bush Admin. - YouTube

Geithner: Deficit Largely From Bush Admin. - YouTube

Geithner: We Need 'Revenue Increases;' Cutting Deficit by Spending ...

Geithner Deficit largely from Bush Admin - latimes.com

Geithner: Deficit largely from Bush Admin. - Yahoo! News

Geithner: Deficit fear can't crimp needed spending

Republicans See No Rush to Fill $4.6 Trillion Blank in Tax Plan

Geithner: European debt crisis is easing

Wonkbook: Where Ryan's and Obama's budgets (mostly) agree

Treasury to Cut Costs by Remaking Coins, Replacing Paper