Why, oh why, hasn’t Timmy Geithner fled the Obama ship like most of this President’s other appointees? That this dim-bulb tax-cheat is still Treasury Secretary is nausea inducing. Speaking to the House Small Business Committee on Wednesday, tax-cheat Timmy claimed that higher taxes would be ‘good for growth’.
According to Timmy, “the administration felt it had ‘no alternative’ but to raise taxes on small businesses because otherwise ‘you have to shrink the overall size of government programs’—including federal education spending.”
Oh the horror. Shrinking the overall size of government? I guess Timmy was accurate when he said higher taxes were good for growth. He just didn’t mean the US economy’s growth. And no liberal talking point would be complete without his callback of it being for the children. If I had any sort of proficiency in chart-making, I would include a chart on the level of federal government spending on education in America in relation to our testing scores. The dramatic inverse relationship would amaze and astound, I’m sure.
And one last pet peeve with tax-cheat Timmy and his ilk: Tax cuts do NOT equal government spending!!! There is a difference between revenue and spending. Geithner states:
“We’re not doing it because we want to do it, we’re doing it because if we don’t do it, then, again, I have to go out and borrow a trillion dollars over the next 10 years to finance those tax benefits for the top 2 percent, and I don’t think I can justify doing that,” said Geithner.
You’re not borrowing a trillion dollars to ‘finance’ tax benefits. You’re borrowing a trillion dollars to finance ethanol subsidies, a government fleet of Chevy Volts (since no one else wants to buy them), the bureaucracies of the EPA, Departments of Transportation, Energy, Interior, Education, Labor, Agriculture, Housing and Urban Development, Bridges to Nowhere, socialized healthcare, reparations to black farmers who never farmed, unsustainable social security and pension costs, union payoffs, subsidies for solar panels and wind turbines, studies on the effects of dope on monkeys, studies on how to stop pigs from stinking, ad nauseam ad infinitum.