Obama budget plan? Is to have no plan at all.
As the Progressives and Media start up the old grinding machine to grind up and spit out Rep. Paul Ryan's budget plan,
remember what Treasury Secretary Tim Geithner admitted to Congress just last month:
Ryan: You're showing that you have no plan to get this debt under control. You're saying we'll stabilize it but then it's just going to shoot back up. So my argument is, that's Europe. That is bringing us toward a European debt crisis because we're showing the world, the credit market's future seniors -- people who are organizing their lives around the promises that are being made to them today -- that we don't have a plan to make good on this.
Geithner: Mr. Chairman, as I said, maybe we're not disagreeing in a sense. I made it absolutely clear that what our budget does is get our deficit down to a sustainable path over the budget window.
Ryan: And then they take back off.
Geithner: Why do they take off again? Why do they do that?
Ryan: Because we have 10,000 people retiring everyday and healthcare costs going up.
Geithner: That's right. We have millions of Americans retiring everyday, and that will drive substantial further rise in the growth of healthcare costs.
We're not coming before you to say we have a definitive solution to our long-term problem. What we do know is we don't like yours.
We have a Entitlement liability, unfunded mind you, of $99.4 Trillion. A Debt we are throwing right in our future Generation just so we can have our cake AND eat it too.
President Obama's solution? Well to offer no solution at all. To keep adding $500 billion+ to the deficit every year. To do nothing.
If we were not in Bizarro World that by itself would torpedo the President's re-election chances. It is not like the President doesn't have that perfect plan to stop that runaway train that is our debt.
It’s that he’s just doesn't have the stones to even try...