Treasury Secretary Timothy Geithner said that the U.S. government’s long-term fiscal commitments are “unsustainable,” but that they should not be the country’s top priority, because the government still needs to “do things.”
“Our fiscal commitments are unsustainable over the long run, but we cannot put our long-run fiscal challenges above all others,” Geithner told the Economic Club of Chicago on Wednesday. “We have to be willing to do things, not just cut things.”
Here's what you "do", Timmy.
Cut 20% of Gummint staff across the board, for starters. And zero out travel/entertainment budgets.
That's "doing" stuff.
Geithner's statements are entirely reasonable.
The EU is in the process of "doing stuff" like you want, Dadster, and they're also in the process of depression, default and eventual EMU break-up.
"Do stuff" in 10 years. Doing stuff now doesn't help anyone.
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