Ouch! Chris Wallace caught Treasury Secretary Tim Geithner ranting about imaginary war savings on FOX News Sunday today. Geithner and Barack Obama have repeatedly claimed budget savings as much as $700 billion that the nation no longer plans to spend on the wars in Iraq and Afghanistan over the next decade. This is an accounting gimmick that has drawn fire from both Democrats and Republicans.

Today Chris Wallace nailed him.
“It’s a gimmick.”

 

 

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  1. ‘Bout time someone called them on some of their stupid remarks. These shady tax and spend sobs, (Pelosi comes to mind with her “tax ‘em to infinity” wisecrack) rant and rave to the to top of their lungs and the rest of the msm treats them like they’ve done us all some huge favor.

  2. What is even more funny, is the yelping idiots screaming its Bush’s illegal war. When will they realize that it has been the turd in the white house’s war for almost 4 years now. He could have stopped them anytime.

  3. Timothy Geithner is a child in an adult world. He always comes across as someone who is spouting the things his dad beat into him. And he does it in a unconvincing fashion. And he still has not voluntarily paid the penalties and interest on his taxes each and every one of us would be required to pay. He accepted the reprieve from his daddy with not even a smidgeon of guilt. A new ring in Hell is being prepared for the likes of him and the rest of this corrupt ruling class.

  4. Mad Hatter’s Tea Party

  5. I don’t think my husband would accept my NOT buying a new $200,000 diamond ring as saving us money and being a way to balance our household finances.

    Hey, Timmy — has your wife pulled that one on you?

  6. It’s this simple. The $700 billion savings will not reduce the deficit as Geitner contends. It just won’t add to the continually climbing deficit.

  7. So does this mean we should count savings from all wars we are no longer fighting. What about the deaths that are no longer occurring, how do we count that; lives saved!

  8. For a man that cannot figure out his own taxes, how in the hell did this man get appointed as the US Treasury Secretary?? Oh yeah, he is buddies with Obama and qualifications do not matter for his administration.

  9. Haven’t you noticed Obama always picks the least qualified for his admin? Usually, they’re guilty of some perversion of the very jobs they hold, like that perverted school Czar who is exposing our innocent children to fisting & other homosexual offerings. Obama wants us to know he is supreme. He has his wife tell us to eat healthy, then hosts a football party the next day where junk food is served. He tells students not to spend Spring Break in Mexico, then sends his kid’s class there the next day. He tells us to buckle down & skip Vegas, then jets off to another lavish taxpayer funded holiday. Geitner’s failure to pay his taxes, yet maintaining his position as Treasure Secretary, is just another slap in the face of Americans.

  10. Since I’m not spending money I don’t have, I’m some how saving it?

  11. WHAT WARS DID OBAMA END OR IS ENDING? WOULD ONE OF THOSE BE THE ONE ABT WMD’S THAT THE PREVIOUS ADM AND EVERY LIBERAL IN CONGRESS WAS SCREAMING ABT EXISTED AND THEN VOTED TO GIVE BOOH THE AUTHORITY TO GO INTO IRAQ AND THEN GAVE THE SAME AUTHORITY TO GO INTO AFGHANISTAN AND OBAMA IS TAKING CREDIT FOR ENDING THEM…GET OUT OF TOWN THOSE CANT BE THE SAME ONES CAN THEY

  12. He sounds like Peggy Bundy trying to tell Al that she actually saved him money by buying five new pairs of shoes because they were on sale.

  13. Attaboy, Chris. Love to see TurboTax squirm. He looks more and more like the Prez on ABC’s “Scandal”. I am NOT gonna give my wife a new Escalade for Christmas again this year. Just saved another $60K. BTW… why is the Treasury Sec now the authority of the regime’s fiscal plans? Trot out Barry or Happy Joe.

  14. Chicago Style accounting.

    But to put our national security on the chopping block, that is another matter. But Obama is protected in his Fortress and isn’t that all that matters. sarc

  15. I was going to buy a $3 Million home but have since changed my mind. Wow, all of a sudden I’m $3 Million in “the black”.

  16. Thought I (U.S.) would go out and borrow $30,000 ($700 billion) from credit union (China) for a new car (war). Then I decided that was not a wise thing to do at this stage in the game so didn’t do it.

    According to Tax Cheat Geithner, the $30,000 I decided not to spend should magically appear in my savings account, so I can spend it elsewhere. Come on Tax Cheat, where is my money?????

  17. Geithner isn’t looking for his next government job. It makes him the perfect foil. He can actually go in with a straight face with a proposal so absurd that an old reserved guy like McConnell doubles over in hysterical disbelief. Some say this is how you begin negotiations, and they would be right if this were November 2011. The fiscal cliff countdown clock is a couple ticks from midnight. [..................]

    Still, there are lines that must be drawn. The opening salvo from Geithner would be laughable if not so goofy and ill-timed. Let’s stop messing around. Here’s what the White House will get:

    * Extension of (ultra) long term unemployment benefits
    * Extension of payroll tax holidays
    * Taxes on carried interest

    Here’s what the White House will not get:

    * $50.0 billion stimulus
    * Higher taxes on small businesses
    * Permanent end to debt ceiling [.......................]

    http://www.wstreet.com/shared/images/028538/1130_2.png View this!

    Officially, third quarter economic growth was revised higher to 2.7% from 2.0%.

    I have to say, the headline number really masked an economy that is crawling along barely keeping its head above water. While it speaks to the resolve of the economy and underscores it’s built to last already, beneath the surface the numbers were disturbing.

    Inventories were much higher, revised from initial reading of $34.1 billion to $61.3 billion – good, but not likely to recur. In the mean time, real consumption was lowered to 1.4 from the original read of 2.0 and business investment in things like equipment and software is down substantially to -2.7% from unchanged. This was the lowest read on business investment since second quarter 2011 and down sequentially.

    Inventory builds speak mostly to the auto market and made the difference in the overall revision. Economic trends that speak to the future were a major disappointment.

    http://finance.townhall.com/columnists/charlespayne/2012/12/02/laughing_out_loud_at_obama?utm_source=thdaily&utm_medium=email&utm_campaign=nl

  18. It’s really very simple……LIARS, LIARS…….THEIR PANTS ARE ON FIRE!! We tried to tell you America! What a rotten shame!

  19. Double talk!! Gibberish.



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