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It seems every time Treasury Secretary Timothy Geithner speaks in public he, perhaps unknowingly, confirms what many are concerned about is reasonable. Except for those who know or believe they stand to gain by out of control spending and debt caused by the US government (the White House and Congress) the rest of us see the situation as dangerous. Here is some of Geithner’s latest nonsensical economics concept.

Geithner made the promise Wednesday in a speech to business leaders and government officials in Washington. He said the administration’s fiscal and monetary actions to address the crisis are “temporary” and must be undone once a recovery is firmly in place.

“With this in mind, this administration has presented a budget plan that charts a path to achieving to sustainable budget deficits in the medium term, so that recovery is not impaired by concerns about excessive government borrowing in the future,” said Geithner. “We are designing our financial programs so that we can reverse them as soon as practical, and avoid the risks that come with sustained government intervention in the financial system.”

With a $3.5 trillion dollar budget and a CBO projection that the 2009 record high deficit will be $1.8 trillion dollars how can he believe this can be undone or reversed? One could reasonably conclude the Treasury Secretary does not have a clue given his inability to pay taxes properly and expecting everyone to believe it was a simple error or oversight after he had been told by his ‘employer’ that some of the money given to him was to go directly to the IRS which is now under his direction.

That the GOP is howling about all that is wrong with the current majority party’s spending craze is another laughable moment since they share equally in the insanity of spending and borrowing for some years now. The only reason their criticism is more than what liberals refer to as the party of ‘no’ rests with the fact they are the only elected representatives available with any interest in opposing more spending and debt. It may be seem disingenuous but it is all citizens have right now aside from the additional fact that the ‘ruling party’ inherits the power and more importantly the blame for what goes wrong. If liberals want to maintain it is fair to bash Bush because he was the President then they need to understand the same applies when their liberal pick enters the White House and his party controls Congress.

Back to Geithner

“The American people and investors need to understand that we will have the will and commitment as a country to go back to the point where we are living within our means, and that is going to require very substantial adjustments to bring our resources and expenditures more into balance,” he said.

Another absolutely mind-numbing preposterous statement from the tax cheat who became Secretary of the Treasury. First, he states the ‘we’ have to understand that ‘we’ have the ‘will and commitment’ to live within our means. And second, if that is to require bringing finances ‘more into balance’ how does he then justify what they are doing now? Again, either those opposing his confirmation were right and he is an idiot or he thinks you are.

It is a classic political sham. Like many who get elected and immediately begin promoting their agenda by stating success will come in their ‘next’ term Geithner promotes the administration’s agenda by stating one day we have to do more of what put us into this mess and then another day claims it will all work out later. That is the political version of sustainability. Blame others for anything that is wrong. Claim that what you are doing will solve what is wrong. And always promise the results will occur after your next election. When more failure results, repeat the process, blame, claim and promise.

Stanford Matthews
MoreWhat.com

This entry was posted on Thursday, April 23rd, 2009 at 3:05 pm and is filed under Public Affairs, Money Matters, Bush, wordpress, Politics, GOP, Democrats, conservative, liberal, obama, Congress. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.