We Need a Treasury Secretary Who Can Restore Broken Trust

Discussion in 'Politics' started by Ps104_33, Jan 25, 2009.

  1. Ps104_33

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    Sep 3, 2001
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    "Geithner was previously an employee of the International Monetary Fund and, as such, was responsible for paying his own self-employment (Social Security and Medicare) taxes. Despite being repeatedly informed of his obligation to pay his own taxes, signing documents promising to do so, and accepting compensation from the IMF for precisely this purpose, Geithner failed to pay Social Security and Medicare taxes in 2001, 2002, 2003 and 2004.

    What’s more, after the IRS audited him, Geithner paid his 2003 and 2004 taxes, but paid his 2001 and 2002 taxes only after he was nominated to be Treasury Secretary.

    In all, Geithner has had to pay over $48,000 in delinquent taxes and interest.

    Some -- including some Republicans --
    are suggesting that the Geithner nomination is “too big to fail” -- that the economic crisis demands that senators swallow their misgivings and confirm his nomination.

    I believe the truth is precisely the opposite. At a time when our confidence in our financial institutions has been shattered and our trust in our governmental institutions is broken, we need a Treasury Secretary who can inspire both. Timothy Geithner is not that man.

    President Obama should live up to his stirring words. He should withdraw the Geithner nomination." Newt Gingrich


    Call or write your senator and urge them not to confirm Geithner. The last thing we all need during this financial situation is a tax cheat running the treasury department.


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