Friday, February 17, 2012

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

C0ngressman Paul Ryan and the House Republicans just passed a realistic budget in response to President Obama's fiscal abortion. It calls for five trillion in realistic spending cuts over the next decade, leaves benefits for seniors over 54 in place and doesn't gut national defense. Guess who drops by to engage in a back and forth with Ryan on the House floor? None other than Obama Treasury Secretary Tim Geithner,speaking on behalf of the Obama Regime.

Ryan uses a chart based on the Administration's own documents to highlight just how dismally the Obama Administration has failed to curb spending and publicly held debt, and how we're going to be the next Greece if we don't do something to fix it.

Geithner's response has to be the sound bite of the year: ""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."

This president has piled up a $5 trillion deficit in three years,much of it wasted or gifted to campaign donors,political allies and well connected insiders in classic Chicago fashion. Many of them have followed the Solyndra model and have later gone on to have successful business 'failures' at the taxpayer's expense.

For the first two years of his administration, President Obama had a veto proof majority in both Houses of Congress that were his enablers in allowing him to loot our economy and spend whatever he wanted. In fact, if you consult the figures of the Congressional Budget Office, you find that of even the relatively modest $1 trillion deficit he inherited, 67% occurred after January,2007 - when the Democrats first gained control of Congress.

So after all that, President Obama's hand picked Secretary of the Treasury comes before Congress to defend this shameful record and admit they have no clue as to what to do to avert a financial catastrophe,but they're going to make sure no one else does either.

President Clinton at least had the intelligence to allow the Republican Congress to rescue him from the financial folly of his first two years and fix things, knowing he'd get the credit. President Obama is such an arrogant Left wing ideologue that he figures he doesn't have to. And besides,a financial disaster isn't going to affect him in the least..and will go a long way towards getting even with an America he feels needs to be taken down a peg or two.

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