The View From 1776
Wednesday, August 04, 2010
Geithner In GaGa Land
Paul Krugman isn’t the only liberal-progressive-socialist stretching facts and using them to draw unsupportable conclusions.
Treasury Secretary Timothy Geithner, bemoaning a stalled economy and a possible double-dip recession.
Hitler would have been proud of Secretary Geithner’s disinformation, modeled on the Big Lie technique of liberal-progressive-socialist Joseph Goebbels, Hitler’s National Socialist (Nazi) party’s propaganda chief. Tell a big enough lie, brazenly and often, and the mainstream liberal media, along with some of the people, will accept it as fact.
Adding another layer of surrealism to Secretary Geithner’s perspective is a seconding Paul Krugman’s false argument that higher taxes enacted under President Clinton were responsible for economic recovery at that time.
Equally bizarre is his argument that Federal debt is incurred to finance lower taxes. It should be obvious that Federal deficits, funded by more Federal borrowing, result from excessive spending imposed by presidents through a willingly complicit Congress. If politicians stop buying votes with welfare-state entitlement increases, there will be no need to balloon the Federal debt.