Geithner Admits: Obligations In President's Budget "Unsustainable"
Senate GOP Budget: Treasury Secretary Timothy Geithner today admitted under questioning from Sen. Sessions that the president's own budget, submitted Monday, calls for interest payments and obligations that are "excessively high" and "unsustainable." The president's plan accumulates $13 trillion in new gross debt, with interest payments on the debt rising to $844 billion a year by 2021.
Posted on February 17, 2011
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