THIS PERSON IS SUPPOSED TO BE THE WATCHDOG OF OUR FINANCES…

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This is OUR Treasury Secretary speaking. Let me repeat…Treasury Secretary. The person who is supposed to be the watchdog of our finances. He is advocating more deficits on top of the almost $16 trillion accumulated. Where the heck did these people come from?

(Reuters) — Americans can’t let fear of deficits stop necessary government spending, U.S. Treasury Secretary Timothy Geithner said on Wednesday as he laid out the administration’s economic agenda ahead of November’s presidential election campaign.

Geithner, one day after President Barack Obama had assailed Republican budget plans as social Darwinism, sharply criticized Republicans who claim the administration’s spending is excessive.

“There is no economic or financial case for using the fear of future deficits to cut as deeply into core functions of the government, to weaken the safety net or fundamentally alter Medicare benefits as do the Republican proposals,” he said.

In exceptionally blunt terms, Geithner claimed Republicans aim to roll back Wall Street reforms, cut government investments in education and infrastructure and slash protections for low-income Americans.

“This strategy is a recipe to make us a declining power — a less exceptional nation,” he said. “It is a dark and pessimistic vision of America.”

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SOURCE: http://www.reuters.com