Tim Geithner has taken a lot of flak for his time on Wall Street, but maybe he is coming to his senses. Or maybe he is just looking at a ballooning deficit that shows no signs of slowing.
The Bush tax cuts and military adventures ruined the economy. No sane economist is going to recommend increasing expenditure and reducing income. If the Obama administration is serious about cutting the deficit and balancing the budget it needs to look at all measures, raising taxes and slashing spending, both on military and some social programs. Also ending that trillion-dollar war in Afghanistan would also be a big help.
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