Rep. Peter Roskam (IL) published a post on NRO's "The Corner" blog:
It is rich with irony that an administration so intent on exacting a pound of flesh from the financial community for the sub-prime crisis has a Treasury Secretary that is following the same path that Wall Street took to put our economy in jeopardy.
Treasury Secretary Timothy Geithner said recently that the United States “will never” lose its Aaa bond rating. Geithner’s confidence conflicts with bond rating agency Moody’s assessment that without real deficit reduction or wild economic growth, we will see “pressure on the Aaa government bond rating.”
Moody’s, having been chastised on Capitol Hill repeatedly for not lowering its rating of sub-prime securities prior to their crash, is unlikely to repeat that mistake. And of course, if Geithner is wrong and our bond rating slips, it will considerably increase the government’s interest expense, which is already the fourth-largest expenditure in the federal budget.