Saturday, July 31, 2010

Our beloved Secretary of the Treasury

Is Tim Geithner, our Secretary of the Treasury and some time taxpayer, stupid or a congenital liar?  On Meet the Press on the 25th he said "[The president has] proposed to freeze discretionary spending, to keep the overall size of the government at a very modest level as a share of our economy. If you look again at what the president’s proposing, he keeps the overall size of government at a very modest level comparable to–lower than what was in the Bush administration, comparable to what President Reagan presided over. That’s very important."
The Chart from FactCheck suggests that Geithner's statement may be important but it is also flat out wrong.  Perhaps he keeps his understanding of economics close to his guide on paying taxes.

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