Tim Geithner is making the rounds of the Sunday talks shows and has a curious phrase to describe the benefits of the President's tax and spend plan: The plan will put the government on "a path to fiscal responsibility."
The plan puts us on the path, just the path, to fiscal responsibility. I see no other conclusion than Geithner recognizes our current budget is fiscally irresponsible and the President's plan is, while pointing towards, on the path to, fiscal responsibility, is also fiscally irresponsible. I'm glad Geithner finally recognizes this basic fact.
Federal Government Outlays and Receipts ($ in Millions)
Source: Monthly Treasury Statement
Bill
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