This is a demonstration of the elaborate type of bullshit that politicians use to confuse people and spread false narratives. Today’s example is from Treasury Secretary Tim Geithner.
The thing to keep in mind in all of this: If money is not proposed to be spent or appropriated for XXX then not doing XXX is NOT a spending cut.
For example: Lets say that I make $30,000 a year and I need to go on a budget to help pay my debt. So I say, “I just cut $50,000 from my budget because I am not buying a new Mercedes Benz 500 Convertible”. Has your budget changed? No. Has your savings increased? No. Is more money going to paying your debt? No.
Why? Because you never took out a loan and never was spending money or had money set aside for the Mercedes in the first place. This is the scam you are watching happen before your eyes. And look at the intensity Sec. Geithner uses while he pushes his lie. Then rather than admitting it he starts tossing in distractions about Republicans etc etc.
Do you ever wonder why every politician will tell you that he wants a balanced budget, but we don’t get one, and in fact we get record deficits and spending year after year?
WALLACE: Or they now say because you’re not willing to cut spending enough.
GEITHNER: No, but that’s not true. Again, if they want to do more on the spending side than the $600 billion we proposed on top of the trillion already enacted, in top of the savings from the wars, then they can tell us how they propose –
WALLACE: Savings in the wars that we were never going to fight?
GEITHNER: No, that’s not true. We’re — as you know, we’re winding down two wars.
WALLACE: I understand that.
WALLACE: And you are thinking savings that nobody thought that you were going to spend that money any way. It’s a budget gimmick, sir.
GEITHNER: No, that’s not right. You know, let me say it this way, those were expensive wars, not just in Americans lives but in terms of the taxpayers’ resources. And when you end them as the president is doing, they reduce our long term deficits and like in the Republican budget proposals, the world should reflect and recognize what that does in savings.
And we propose to use those savings to reduce the deficits and help invest in rebuilding America. We think that makes a lot of sense.
WALLACE: But it was money that wasn’t going to be spent anyway, and –
GEITHNER: If those wars have gone on, they would be spent.
WALLACE: I understand. But you’re not saving — you’re not ending the wars for budget purposes. You’re ending the wars because of a foreign policy decision. The wars weren’t going to be fought. You’re not really saving money.
GEITHNER: Chris, we all agree –
WALLACE: I mean, it’s a budget gimmick, but it’s money never intended to spend.
GEITHNER: No, it’s not a budget gimmick unless you are — when Republicans propose, it’s a budget gimmick?
WALLACE: Sure, absolutely.
GEITHNER: And you should address that to them. But what it does is –
WALLACE: Well — so, I’m addressing it to you.