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Geithner: No Agreement "Without Rates Going Up"

Quix Wrote: Dec 02, 2012 12:29 PM
Who is talking about the minimum wage? Also, the average worker as defined by who? Where? I was making $5.5/hr in the 90's.
DelicateLoyalist Wrote: Dec 02, 2012 12:30 PM
Quix- in today's dollars. And I should have said the blue collar workers were making over 10 dollars an hour in today's dollars. If you read the article you'll see.
In one of his appearances on today's Sunday talk shows, Obama Treasury Secretary Tim Geithner made a hard stand about increasing tax rates on high income-earners and small business owners, insisting that there is to be no deal without rates rising.

In an interview with Candy Crowley on CNN's State of the Union, Geithner claimed that the Obama Administration proposal, which includes various spending provisions intended as economic stimulus, had "huge support in the business community" and that it would be "good for the economy."

The Congressional Budget Office's analysis of the fiscal cliff projected that up...