Geithner: Obama Has No ‘Definitive Solution’ to the Debt

Treasury Secretary Timothy Geithner admitted on Thursday that President Obama’s fiscal year 2013 budget – the most expensive in United States history – would put the country on an “unsustainable” course if enacted. Additionally, Geithner told House Budget Committee chairman Paul Ryan (R., Wis.) that the Obama administration does not have a “definitive solution” to the debt crisis facing the country. The White House does know, however, that it definitely does not like the Republican solution.