FOXNews.com - Geithner: No Risk to U.S. Credit Rating
Debt is approaching record levels in proportion to our economic output (we broke records a long time ago in dollar terms), but it's all ok according to the Treasury Secretary. Many economists are becoming very concerned that we are fast approaching a tipping point on the national debt. Once we hit that point investors will demand higher interest rates to buy out debt which will cost our government billions and the resulting increase in rates could cripple our economy. The really scary part is that no one knows exactly where that tipping point is and we will not until we hit it. But have no fear Geithner is here and he says all is well...right!
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