Geithner: You're Right, We Have No Plan To Avert Fiscal Melt-Down; All We Know Is That We Don't Like Your Plan

I've said this forever, but the Democrats can't speak a plan aloud, because there are only two options:

1. Reduce benefits, which they don't want to do, as they're playing Mediscare yet again.

2. Massively increase the tax burdens on the middle class, which they claim they don't want to do, but they do. All of their schemes rely on pulling more money from the middle class which is, as Willie Sutton said of banks, "where the money is."

I actually think the Democrats want a crisis, because in crisis, the politically impossible becomes merely the politically unpalatable.

Good video of the confrontation between Geithner and Ryan.

Geithner confesses that his very own chart and very own numbers show the country melting down into sub-Greece territory in out years. And his plan? He doesn't have one:

Treasury Secretary Timothy Geithner, speaking on behalf of the Obama White House, to Rep. Paul Ryan: "You are right to say we're not coming before you today to say 'we have a definitive solution to that long term problem.' What we do know is, we don't like yours."

posted by Ace at 11:01 AM

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