That is the latest to come from the Obama administration, Tim Geithner admitted they are not trying to solve the debt crisis.  Obama declares this Congress is a "do-nothing" Congress, and yet we get Geithner admitting they don't have a plan to solve the debt crisis, they just "don't like yours?"  How inspiring.

Comments:


DocJay
Joined
Jul '11
DocJay

Neither side has the stomach to deal with the problems. Democrats are worse. That is all you need to know about the end of our country and why. The lack of action by the GOP last summer in embracing the TP folks was pitiful. They should have gone all in.

ultra vires
Joined
Feb '11
ultra vires

I do not agree with your statement completely, some Republicans are serious. As you see in the video Paul Ryan is truly trying to improve the budgetary outlook by reducing the debt "long term" and getting back our AAA rating.

Leigh
Joined
Nov '11
Leigh

This is unbelievable.  What a failure of leadership.  "We don't have a solution, we just know we don't like yours."

Don't look at the trajectory behind the ten-year curtain!

Ryan is right -- this is a moral issue.  It is absolutely immoral to ignore this kind of debt trajectory and leave it to the next generation.  It is immoral to lie to people and encourage them to plan their lives around the programs their parents depended on but which Geithner perfectly well knows are going bankrupt.

It is simply unspeakable to wait until the other side proposes an actual solution and then use it as a political weapon against them.

Doug Kimball
Joined
Aug '11
Doug Kimball

I suspect that this admission will get no press, other than from right wing leaning outlets, and Geithner will get away with this unexpected bit of candor.  OR

Rumors abound that Geithner is on the outs.  Could this be unintended retribution?  One has to wonder...

Leigh
Joined
Nov '11
Leigh
Doug Kimball: I suspect that this admission will get no press, other than from right wing leaning outlets, and Geithner will get away with this unexpected bit of candor. 

It should be campaign ad material.  Repeatedly. 

"We're not saying we have a solution to the long-term problem, we just don't like yours."  His own Treasury Secretary just admitted they'd rather attack the Republicans' plan than deal with the actual problem.

HoosierDaddy
Joined
Apr '11
Charlie in Kobe, Japan
DocJay: Neither side has the stomach to deal with the problems. Democrats are worse. That is all you need to know about the end of our country and why. The lack of action by the GOP last summer in embracing the TP folks was pitiful. They should have gone all in. · 21 hours ago

completely agree. It's why Obama's poll numbers have gone up. People are thinking short term, putting off dealing with the inevitable pain of reform.


Joined
Jan '11
MLH

but the TS is cut off in mid-sentence. . . 

HoosierDaddy
Joined
Apr '11
Charlie in Kobe, Japan

Don't know whether to laugh or cry, but the tears are flowing at the moment.

giambelardo
Joined
Jan '12
giambelardo

 

gb090

Does anyone else see the resemblance to Dr. Janosz Poha (Goastbusters II)?

Leigh
Joined
Nov '11
Leigh
MLH: but the TS is cut off in mid-sentence. . .  · 7 minutes ago

Here's a video that carries on where the other left off.  It doesn't change anything -- just back-and-forth between Ryan and Geithner about Ryan's plan.

Roberto
Joined
Mar '11
Roberto
Doug Kimball: Rumors abound that Geithner is on the outs.  Could this be unintended retribution?  One has to wonder... · 24 minutes ago

A certainty I would say. After all, was not Corzine hand picked by Obama to replace him before it emerged he had somehow "misplaced" billions while running MF Global? 

As a drowning man desperately clutching to a twig for a life preserver these kelptocrats have all hoisted their banner to that MMT madness popular in our more Krugman inspired parts of academia, "deficits don't matter". 

Democrat, Republican they are all the same in that Washington cesspool; the fools believe they can live on credit cards. We are no longer "like" a third world country, no this is exactly how a third world country manages their finances. 

In the Tea Party we must move faster. 

Edited on February 18, 2012 at 4:29am
Gus Marvinson
Joined
Mar '11
Gus Marvinson

I want to say something clever but somehow I can manage only outrage.

show MLH's comment (#14)

Joined
Jan '11
MLH

Leigh

MLH: but the TS is cut off in mid-sentence. . .  · 7 minutes ago

Here's a video that carries on where the other left off.  It doesn't change anything -- just back-and-forth between Ryan and Geithner about Ryan's plan. · 16 minutes ago

Thanks.  

Ajax Telamônios
Joined
Jan '11
Ajax Telamônios

I just don't understand how this surprises anyone.  Wealth redistribution doesn't require much in the way of planning and execution aside from a) taking from the rich who disagree with you, and then b) giving to the rich who agree with you, at least until they and their silly companies go bankrupt and everybody's poor.

tabula rasa
Joined
Jun '10
tabula rasa

Geithner's last sentence (we don't have a plan, but we don't like yours) causes me to say something I've said before on Ricochet:  Obama is the most unserious president since the beginning of the twentieth century (I don't say forever because I don't know enough about Buchanan and Andrew Johnson).

The incredible thing to me is that they can acknowledge an existential financial crisis upon us, and have no plan whatsoever to solve it.  It sickens me.

The enemy is breaching the walls while they talk about what color the uniforms of our planned militia should be.

Edited on February 18, 2012 at 4:46am
Leigh
Joined
Nov '11
Leigh

tabula rasa: Geithner's last sentence (we don't have a plan, but we don't like yours) causes me to say something I've said before on Ricochet:  Obama is the most unserious president since the beginning of the twentieth century (I don't say forever because I don't know enough about Buchanan and Andrew Johnson).

The incredible thing to me is that they can acknowledge an existential financial crisis upon us, and have no plan whatsoever to solve it.  It sickens me.

The enemy is breaching the walls while they talk about what color the uniforms of our planned militia should be. · 1 minute ago

Edited 0 minutes ago

And we're spending more time fighting about our candidates than putting it out there.  The case against this administration is so very clear.

This video should be everywhere.  Geithner is so obviously trying to duck the issue until he comes out with that amazing concession.  

The disbelief in Ryan's tone ("you're the Treasury Secretary!") is priceless.

Edited on February 18, 2012 at 5:02am
Trace
Joined
May '10
Trace Urdan

Geithner is avowedly and unabashedly cynical. There are plenty of cynics in both parties but Ryan is not one of them. I have no hope of the Obama administration begin held accountable. I only hope that Ryan's voice continues to hold the Republican party accountable. That is something that can make a real difference in the long term.

katievs
Joined
May '10
katievs
Trace Urdan: Geithner is avowedly and unabashedly cynical. There are plenty of cynics in both parties but Ryan is not one of them. I have no hope of the Obama administration begin held accountable. I only hope that Ryan's voice continues to hold the Republican party accountable. That is something that can make a real difference in the long term. · 9 minutes ago

Absolutely agree, Trace.  (There's a nice change!)  Ryan's seriousness and sincerity have real force, especially in the contrast with the manifest unseriousness of the Obama administration.  

Edited on February 18, 2012 at 5:38am

Joined
Mar '11
karamazov59

Geithner: sophistry from a solipsist - quite the combination. The Obama administration really only cares about the next election and will say anything and do nothing to achieve their ends. 


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