Geithner and Math Do Not Mix

It should come as no surprise that the tax cheating Treasury Secretary Tim Geithner has a math problem. He can't add numbers together to come up with the correct figure. His latest mess? He overestimated the amount of money left in the TARP fund. He claims that the figure is $135 billion.

The General Accounting Office, ABC News, and the Wall Street Journal all say he's off by more than $100 billion. The correct figure is $35 billion.

On “This Week” Sunday, Treasury Secretary Tim Geithner told me that there was about $135 billion left in the TARP fund, the government’s financial rescue package. But the Government Accountability Office, a non-partisan federal agency, reports that figure is closer to $32 billion, which is what ABC News and other independent analysts thought.

How is Treasury responding to this? They're claiming that Geithner's figures include estimated paybacks. In other words, they're counting money that might potentially come back to the government as banks repay TARP funds.

That's absolutely insane. That's like saying that my bank account has $1 million in it because I'm counting all the future paychecks I will receive, regardless of how far into the future they may be, and doesn't count any of the payments I must make. It isn't how anyone in their right mind would count and budget, but it's how Geithner and the Treasury Department has operated.

No wonder Geithner and the Administration haven't bothered holding TARP oversight meetings. This clown circus would show just how incompetent Obama's economic team truly is.