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Tim Geithner and the Return of Moon-Yogurt Accounting

Robert97 Wrote: Dec 03, 2012 1:45 PM
Also, after WWII came the Marshall Plan, which sopped up some of the US money to pay for goods & services in reonstructing Europe.

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