The latest National Review offers this telling blurb about the interaction between U.S. Treasury Secretary Timothy Geithner and House Budget Chairman Paul Ryan:
Treasury Secretary Tim Geithner, challenged by House Budget Committee chairman Paul Ryan about the administration’s reckless budgeting, explained his position thus: “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.” Which is to say, the most senior economic policymaker in the Obama administration does not have a plan to address the most pressing economic problem of our time — except to thwart Paul Ryan. That being the case, it takes a good deal of chutzpah for the president to campaign against the allegedly obstructionist House Republicans. Chutzpah he has, a plan he doesn’t.
