Category Archives: geithner
Budget Baseline Camp
Uncle Sam’s starting point for spending is a baseline of the previous year CBO projections for the coming year.
“The most absurd current example is Mr. Obama’s claim that his “$4 trillion” plan reduces the deficit by about $800 billion over 10 years by ending the wars in Iraq and Afghanistan. But those “savings,” as he calls them, are measured against a White House budget office spending baseline that is fictional. Those wars are already being unwound and everyone knows the money will never be spent. But they are called “savings” to gull the public and make the deficit reduction add up to a large-sounding $4 trillion.”
Making a List
Mitt Romney dropped by the White House for lunch last week. Later the president hit the campaign trail to promote tax hikes on the rich. During a rally at the Rodon Group plant in Hatfield Pennsylvania, Obama announced he was keeping a list of naughty and nice congressmen. The Naughty or Nice List isn’t to be confused with the his Enemies List of Republican campaign donors, or his Kill List.
Harry Reid
Harry Reid repeated unsubstantiated charges, on the Senate floor, that Romney didn’t pay taxes for 10 years. Nearly the same amount of time the Senate hasn’t passed a budget.
More Sacred Bull
The president is sharing the sacrificial bull till the sacred cows come home. He has the Republicans where he wants em, continue building on his 24% grab of the economy or take the blame for a social security scare.
