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Tim Geithner on CNBC – Deficits Down in 2011

December 3, 2009

Treasury Secretary Tim Geithner was on CNBC. He talks about pockets of strength in the economy, including technology and exports. If those are the only two, we’re in trouble because those two are driven by a weak dollar and rebuilding of inventory channels.

The basic strategy involves “going back to living within our means”. On deficits, the forecast is pretty optimistic.

Sometime in ’11, we’ll begin the process of bringing those deficits down.

…CNBC also doesn’t let us down at 11:30

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