In defending the Obama administration’s budget, Treasury Secretary Tim Geithner responded to a query from House Budget Committee chairman Paul Ryan with a now infamous non-answer. “We’re not coming before you today to say we have a definitive solution to that long-term problem,” Geithner testified. “What we do know is, we don’t like yours.”
It is therefore no surprise that the president used what was nominally a budget address — before an unabashedly friendly audience of Associated Press editors and writers on Tuesday — instead as a campaign speech. When by your own lights you have no plan on offer to prevent a predictable and potentially catastrophic debt, it is best to try to render your political opponents as granny-gutting demons and their budget as a kind of occult document.
Keep reading this post . . .