Current Drudge supra-headline:
Geithner to reassure China U.S. Will Control Deficits
“No one is going to be more concerned about future deficits than [the Obama administration is]” Geithner told reporters on the way to two days of meetings that start today in China’s capital….
“I hope Geithner’s visit can soothe our nerves,” said Yu Yongding, a senior researcher at the government-backed Chinese Academy of Social Sciences and a former central bank adviser. “The Chinese public is worried about the safety of its foreign- exchange reserves,” Yu said in an e-mail.
Well, if by “control our deficit” Geithner means “quadruple our deficit,” then I guess he’s being perfectly honest.