Huh???

OK... I guess that I am just not smart enough to understand what he is saying here. Someone, if you have any ideas, let me know, OK?



"Remember we inherited a 1 point three trillion dollar deficit. The cumulative consequences of the policies this country pursued over the last 8 years left us with 6 million dollars of more debt than we would have had by making a bunch of commitments to cut taxes and add to spending without paying for those."
- Tim Geithner

OK... Now anyone got a good idea about this? As best as I can gather from what he said here, if the budget had just been left alone like it was, then there would have been a deficit of $1.3 trillion, plus an additional $6 million, so $1.9 trillion, right? But we have a Congressional Budget Office estimate of $4.8 Trillion?

http://www.cbo.gov/ftpdocs/100xx/doc10014/03-20-PresidentBudget.pdf

Also, sorry if I sound a little bit short, but being lectured by a guy who should be in jail for tax fraud/tax evasion about "we are going to have to do what we have to do to increase revenues" is sort of like being lectured by Hugh Hefner about modesty and celibacy. I mean Geithner received reimbursement from the International Monetary Fund for the taxes that he didn't pay! Every year for four years, he had to file requesting the payment for the taxes, and he had to sign a document that he was responsible for the taxes, and the he was going to pay them. Come on... Al Capone went to jail for tax evasion, and this guy gets to be Secretary of the Treasury? What would happen to any of us, the people who he was lecturing, if we didn't pay our taxes for four years?