Here’s an interesting gambit:
Appearing on This Week, Treasury Secretary Tim Geithner said: “Well, I want to make it perfectly clear that Congress will raise the debt ceiling.” When asked by Christiane Amanpour whether he was sure about that, Geithner responded: “Absolutely. And they recognize it, and they told the president that on Wednesday in the White House. And I sat there with them, and they said, we recognize we have to do this. And we’re not going to play around with it. Because we know — we know that the risk would be catastrophic.”
I’d like to think that Geithner wouldn’t say this publicly if it wasn’t true. However, if it’s true, it will certainly be unwelcome news to people like Rand Paul, who says he won’t vote to raise the debt limit unless a balanced budget amendment is attached (although, he hasn’t committed to a filibuster). It looks like the Obama administration is trying to cut all that kind of posturing off at the knees. They are basically ratting out the Republican leadership. On the other hand, I can’t say any of this exactly makes sense to me. What do you make of it?
