Misty
Clip Created Nov 20, 2012

Geithner: "Spending Cuts Will Cut Significantly Into Government Transfers That Will Affect Millions And Millions Of Americans"

Clipped from:Treasury Secretary Geithner Remarks
Nov 13, 2012

US Treasury Secretary Geithner at The Wall Street Journal CEO Council, November 2012

44 seconds | 52 views


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00:00:00 PRETTY SIGNIFICANT SACRIFICES OF A BROAD SWATH OF AMERICANS.
00:00:05 EVERYTHING THAT HAPPENS ON THE SPENDING SIDE EFFECTS PEOPLE MUCH MORE BROADLY IN THIS CONTEXT.
00:00:11 WHAT IS PROPOSED IS AN AGREEMENT OF A RATIO OF ROUGHLY $2.
00:00:19 50 OF SPENDING CUTS FOR EVERY $1 IN REVENUE.
00:00:23 THOSE SPENDING CUTS WILL CUT SIGNIFICANTLY INTO BASIC FUNCTIONS OF GOVERNMENT.
00:00:29 GOVERNMENT TRANSFERS THAT AFFECT MILLIONS OF AMERICANS.
00:00:33 THAT IS WHY -- THAT RECOGNITION WHY WE THINK THE SHAPE OF BALANCE IS GOING TO HAVE TO INVOLVE THAT MIX OF RATES AND REFORMS.
00:00:42 >> I FEEL I'M WATCHING THE SAME PLAY WITH THE
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