Timothy Geithner to the House Small Business Committee on Wednesday:
We're not doing it because we want to do it, we're doing it because we see no alternative to a balanced approach to reduce our fiscal deficits. If you don't touch revenues and you leave in place the tax cuts for the top 2 percent that were put in place by President Bush, if you leave those in place and you're trying to bring our deficits down over time, then you have to do exceptionally deep cuts in benefits for middle-class Americans and you have to shrink the overall size of government programs, things like education, to levels that we could not accept as a country, - Timothy Geithner We have a big hole to dig out of, and we have to figure out how to do that in a way that's balanced, good for growth, fair to people as a whole. J - What never fails inside the mind of an intellectual never works outside the confines of his head. The worlds stubborn refusal to vindicate the intellectuals theories serves as proof of humanitys irrationality, not his own. Thus, the true believer retrenches rather than rethinks; he launches a war on the world, denying reality because it fails to conform to his theories. If intellectuals are not prepared to reconcile theory and practice, then why do they bother to venture outside the ivory tower or the coffeehouse? Why not stay in the world of abstractions and fantasy? - Daniel J Flynn One of the surprising privileges of intellectuals is that they are free to be scandalously asinine without harming their reputation. - Eric Hoffer Not only have intellectuals been insulated from material consequences, they have often enjoyed immunity from even a loss of reputation after having been demonstrably wrong - Thomas Sowel ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:339330 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
