Admin stops pretending it has long-term debt plan

[Conservative]

The administration has finally stopped pretending they had long term debt solutions, and admitted they simply want to cross that bridge when they come to it. Can't blame the GOP for foiling your plan if you don't HAVE one.

Admin stops pretending it has long-term debt plan | Campaign 2012 | Washington Examiner

President Obama spent much of last year pretending that he had a plan to tackle the nation's long-term debt crisis. He never released an actual plan, but he gave a bunch of speeches pretending that he had. And Obama pushed the idea that he was privately ready to cut a "grand bargain" on the debt were he not thwarted by intransigent Republicans. This was a narrative dutifully reported by the media, despite the lack of any formal plan. Now, the pretending is over.

And today, Treasury Secretary Tim Geithner conceded that the administration didn't even attempt to do anything about the nation's long-term debt problem.

Earlier today, he told the Senate Budget Committee that long-term spending would be "unsustainable" even if Obama's budget was fully adopted.

He also trashed Ryan's budget, which does actually solve the problem, for putting too much of a burden on seniors to pay for health care.

“We’re not coming before you to say we have a definitive solution to that long-term problem," Geithner told Ryan. "What we do know is we don’t like yours.”

So, now that the administration itself has acknowledged it has no plan, it's time for the media to follow suit and stop blaming the lack of a debt plan on Republican unwillingness to agree to tax increases.

video of Geithner/Ryan exchange on site

 

[bitterlyclingin]

Clueless about the debt. The real objective of this president and his fellow Democrats is to get the percentage of people in the United States dependent upon the Government's largess over 50 per cent, at which point there will only be Democratically controlled governments as far as the eye can see into the future. "Once the freeloaders get used to living off the dole, they will never vote to repeal it!"

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