Geithner: Smaller Federal Deficit Vital to Sustaining Economic Recovery - Political News - FOXNews.com

Geithner: Smaller Federal Deficit Vital to Sustaining Economic Recovery - Political News - FOXNews.com: "Treasury Secretary Timothy Geithner said a smaller federal deficit is vital to sustaining an economic recovery. But Geithner isn't saying how exactly the Obama administration plans to achieve that.

He said in an interview airing Sunday on ABC's 'This Week' that it will take hard choices to lower the deficit 'very dramatically.' He said overhauling the health care system and lowering costs are keys to getting the deficit under control.

Geithner was asked in the interview whether he would rule out new taxes. He said the country needs to understand the administration will do 'what's necessary.'"

A smaller deficit is vital to vital to a stronger economy but the administration has been working in the opposite direction! All estimates say that the health care reform will cost tons of money so it won't reduce the deficit. Taxes won't help the economy either.