While the GOP strangles itself debating the morality of contraceptives, the White House continues to strangle the nation with debt. Here’s Philip Klein:
On Monday, Obama unveiled a budget that added to the debt while using a series of budget gimmicks to claim deficit reduction. 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. Later, in a separate hearing, he explained to House Budget Committee chairman Rep. Paul Ryan, R-Wis., that the only intention of the Obama budget was to address deficits in the next decade, not to put the nation on a sustainable fiscal path. 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.”
Later, when DC inflates its debts away and impoverishes the nation, the Democrats will blame the devastation on “greedy bankers” and “the rich.”