Yes, We Have No Solution

Well, I guess you have to give Geithner some credit for being honest:



Of course, that's not the real problem:

[A]s Ryan pointed out, the Treasury Secretary, more than anybody, should recognize how problematic it would be for bond investors to lose faith in America’s finances. If they stop buying U.S. bonds, a crisis can hit much sooner than a chart would suggest. Furthermore, virtually every budget expert recognizes that the longer the nation waits to do address its problems, the more drastic the possible solutions have to become.

Maybe they'll have a "definitive" one by then...