Geithner Finally Shows His Hand: 'We Will Unveil Our Secret Plan To Prioritize Debt Payments Before August 2nd'

Jul 28, 2011 at 12:08 AM
DailyBail in Debt & Deficit, Tim Geithner, debt ceiling, debt ceiling, deficit, government shutdown, tim geithner

It was only a matter of time until the truth came out.  There will be no default despite the forget-about-your-Social-Security-checks Obama fear mongering from last week.

Treasury says tonight:

• "As we get closer to August 2nd, Treasury will indeed provide more information on how we would operate without normal borrowing authority if the debt ceiling isn't raised."

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Not a surprise to DB readers, as we reported earlier from FBN's Charlie Gasparino:

Gasparino: Obama Strikes Fear Into Americans With Social Security Threats While Privately Reassuring Wall Street That There Will Be NO DEFAULT If Aug. 2 Passes Without Deal

 

 

 

Article originally appeared on The Daily Bail (http://dailybail.com/).