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Second Year In A Row: Geithner Says President's Budget Plan 'Unsustainable'

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Published on Feb 16, 2012

WASHINGTON, February 16—Treasury Secretary Timothy Geithner today admitted under questioning from Sen. Sessions that the president's own budget is "unsustainable." Sec. Geithner made a similar admission last year, when he said that "with the president's plan, even if Congress were to enact it and even if Congress were to hold it and reduce those deficits to three percent of GDP over the next five years, we would still be left with a very large interest burden and unsustainable obligations over time." To view last year's testimony, please click here: http://youtu.be/WdcQGJF_jmY.

To view a chart showing spending increases under the president's plan, please click here: http://1.usa.gov/yPP0by.

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