Timothy Geithner, Barack Obama’s first Secretary of the Treasury, has a bombshell memoir out today. The title is “Stress Test,” and it he claims the White House asked him to lie on Sunday talk shows, to downplay the role Social Security played in driving the deficit.
Check it out:
According to the Daily Mail, Geithner writes:
I remember during one Roosevelt Room prep session before I appeared on the Sunday shows, I objected when Dan Pfeiffer wanted me to say Social Security didn’t contribute to the deficit. It wasn’t a main driver of our future deficits, but it did contribute.
Pfeiffer said the line was a “dog whistle” to the left, a phrase I had never heard before. He had to explain that the phrase was code to the Democratic base, signaling that we intended to protect Social Security.
Geithner further writes that Pfeiffer, now Obama’s senior communications adviser, often let party politics come into play when discussing how the administration should respond to fiscal issues. Geithner says that during a discussion on spending cuts, Pfieffer argued that “we couldn’t afford to alienate our base and split a weakened Democratic Party in pursuit of an imaginary compromise with Republicans who didn’t want to compromise.”