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Tim Geithner and the Return of Moon-Yogurt Accounting

Jerry555 Wrote: Dec 03, 2012 2:56 PM
This is what a lot of them don't understand, they need to cut ENTITLEMENTS. Then the people will have to go back to work.

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