In a $3.8 Trillion Budget, Pork Is Hardly the Biggest Problem
The nasty political atmosphere in Washington is about to get toxic. In testimony before Congress today, Treasury Secretary Timothy Geithner called on Republicans to help the Obama administration tame the budget deficit, expected to hit a record $1.56 trillion. The gap is still slated to top $1 trillion even with the spending freeze proposed by Obama. But then Geithner promptly blamed the Bush administration for leaving a trail of unpaid bills that created the current fiscal mess.