In response to:

Tim Geithner and the Return of Moon-Yogurt Accounting

jasonQ42 Wrote: Dec 03, 2012 9:51 PM
I believe the point here is that in so far that spending on the war in Afghanistan is already factored into future budget projections, then not spending that money will "save" money relative to those projections. So, for example, if spending on the "new wars" you are hypothesizing about was included in the calculation of future deficits, then money could indeed be "saved" relative to those calculations by not starting those wars, thus decreasing the expected deficit. I don't see how that qualifies as a "ridiculous" accounting method.

Treasury Secretary Tim Geithner has had a rough few days.  Late last week, Sen. Mitch McConnell laughed in his face when he presented President Obama's breathtaking fiscal cliff "deal" -- which raises taxes by $1.6 trillion, abolishes the debt limit (!), spends tens of billions on a new stimulus (!!), and offers no specific or guaranteed spending reductions to speak of.  Then Geithner appeared on Fox News Sunday to defend the proposal, and things went...not so well.  When host Chris Wallace pilloried his claim of illusory "savings" on war spending, Geithner was flummoxed (via