Saturday, February 18, 2012
Treasury Secretary Timothy Geithner told the House Budget Committee Thursday that President Obama’s fiscal year 2013 budget – “the most expensive in United States history” – would “put the U.S. on an ‘unsustainable’ course if enacted,” reports The Washington Free Beacon.
Geithner also told Committee chairman Paul Ryan (R-WI) that although the Obama administration doesn’t have a “definitive solution” to the debt crisis, it definitely knows it doesn’t like the Republican alternative.
“Leaders are supposed to fix problems. We have a $99.4 trillion unfunded liability. Our government is making promises to Americans that it has no way of accounting for. And so you’re saying, yeah, we’re stabilizing it but we’re not fixing it in the long run. That means that we’re just going to keep lying to people,” Rep. Paul Ryan said.