Tim Geithner Has An "Excellent Budget Plan For The Next 25 Years."
An amazing exchange today between U.S. Treasury Secretary Timothy Geithner and CNBC’s Larry Kudlow at the ”Delivering Alpha” conference in New York:
Kudlow: You told Paul Ryan – it was a fascinating moment – you said We – meaning the Administration – we don’t have an entitlement reform plan, but we don’t like yours.An “excellent plan for the next ten years and next 25 years”? Really?
Geithner: That’s not what I said. I said we don’t have a plan for the next century. We don’t have a plan to solve the problem definitively for the next century. But we have an excellent plan for the next ten years and next 25 years.