He also said, "The only thing standing in the way of [a deal] would be a refusal by Republicans to accept that rates are going to have to go up on the wealthiest Americans." Another outright lie - higher taxes on the wealthy will only pay America's expenses for 8 days. That does not help one iota.
Last week almost all top Republicans stated clearly - clear enough for even tax-cheat Geithner to understand - that they were willing to compromise on tax revenues and hikes PROVIDED the administration gets serious about spending cuts. But Democrats try to gloss over that, insisting that Republicans are being obstructionist. In fact, it is the Democrats, who have repeatedly refused to even discuss the possibility of spending cuts, who are the obstructionists here.
Instead, Geithner and his boss, Obama, have repeatedly offered a "deal" that includes INCREASING spending by $1.6 trillion. And while they toss out some "pie-in-the-sky" promise of $400 billion in cuts, there are no cuts if the spending is increased more than you are "cutting". In other words, they aren't cutting spending - they are simply spending more on different things - like useless government programs designed to enslave the American people and bankrupt businesses.
In simpler terms, let's say you earn $3,000/month but you spend $5,000/month. You cannot afford that, so your family says you need to cut spending. So you say, "I'll cut current spending by $2,000/month, but I will add other spending to the tune of $10,000/month.
That is the Obama-Geithner plan. They will "cut" $400 billion, but would spend an additional $1.6 trillion.
But leave it to the lying, moronic liberals in Washington - and their Mainstream Media henchmen - to make it sound like it's the Republicans who are holding America hostage because they will not agree to such stupidity. The only ones holding us hostage are the Democrats who keep insisting that both the taxes AND the spending go up, even though everyone with an I.Q. of 10 or higher understands we do not have a revenue problem. We have a SPENDING problem. And more spending will not solve it.
And I must ask - if government needs more money, why not cut the $800 billion per year of waste that we already know exists? I should think that before asking anyone to pay more, we should first make sure we are using their money wisely.