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The duplicity doesn’t even end there. A few weeks ago Treasury Secretary Timothy Geithner claimed the administration had made $600 billion in spending cuts to entitlements. That claim was based on what the administration calls savings in mandatory programs. But as the AP notes, those “savings” included elements such as $60 billion in added revenue from a “financial crisis responsibility fee” and another $27 billion in “increase[ed] employee contribution[s]” to federal retirement programs.
In other words: tax hikes.
Only in Washington could you get away with referring to both spending hikes and tax hikes as spending “cuts.” Perhaps it’s time those inside the Beltway stopped getting away with it.