Geithner Defends Obama's No-Plan Strategy

Posted: Jul 24, 2011 10:50 AM

On Fox News Sunday, host Chris Wallace pressed Treasury Secretary Timothy Geithner about why the President hasn't provided a solid plan to deal with the debt crisis, citing Obama's refusal to consider spending cuts suggested to him by his own bi-partisan debt commission earlier this year.

"They at least had a plan"

"You guys have had no plan"

"Why have you had no plan?"

Keep in mind, Obama's debt commission suggested $4 trillion in cuts over the next ten years, which is exactly what House Republicans are pushing for.