NEWS FLASH

Geithner: House Republican Budget Is A ‘Recipe For Decline’ | Yesterday, President Obama blasted the House Republican budget that passed last week as “thinly veiled social Darwinism” that is a “prescription for decline.” Treasury Secretary Tim Geithner piled on today, calling the budget a “recipe for decline.” “There is no economic or financial case for using the fear of future deficits to cut as deeply into core functions of the government, to weaken the safety net or fundamentally alter Medicare benefits as do the Republican proposals,” Geithner said during a speech at the Economic Club of Chicago.