The title of the hearing is the “US Response to the European Debt Crisis”. Rep. Peter Welch (D) asks whether cutting taxes on the rich and cutting federal subsidies on medical research/education will lead to growth and lower debt.
1. Why is a Congressman asking tax and spending questions to the Treasury Secretary and the Federal Reserve Chairman?
2. Why is Sec. Geithner asked for his opinion about the Ryan plan for a national budget?
3. What do these questions have to do with the US exposure to the European Debt Crisis that Bernanke and Geithner have caused without any Congressional oversight?