Wednesday, January 21, 2009

Oh. Well, as long as you're sorry...

WASHINGTON -- (from Fox News website)

Treasury Secretary-designate Timothy Geithner said Wednesday he was careless in failing to pay $34,000 in Social Security and Medicare taxes earlier this decade but declared "I have paid what I owed" and apologized to Congress. (But don't you, dear gentle-reader, go and try to make an innocent mistake on your taxes. Because I can just tell you (first hand) that 'sorry' don't cut it for you and me).

He told the Senate Finance Committee he was sorry that his past transgressions were now an issue in his confirmation (I'll just bet you are, sir) at a time of deepening economic crisis and urged Congress to act quickly. A top administration priority is to foster economic recovery and "get credit flowing again," Geithner testified. (No telling what methods will be used to do so, since we're not too picky about following the law where he comes from).

As to his failure to pay the payroll taxes from 2001 to 2004 while he worked for the International Monetary Fund, Geithner said: "These were careless mistakes. They were avoidable mistakes."

"But they were unintentional," he said. "I should have been more careful." (Yes, I know, son. It was an accident that Mrs. Smith's window (your tax burden) was broken (unpaid) by your baseball (oversight). But you still need to pay to replace it (say you're sorry and walk away). Yeah. Something like that).

Geithner told the panel that, for the 2001 and 2002 tax years, he had prepared his tax returns himself with a popular tax-preparation computer program. (And that is relevant, how?)

Sen. Charles Grassley of Iowa, the senior Republican on the panel, noted that as Treasury secretary, Geithner would be in charge of the Internal Revenue Service and should therefore come under especially tight scrutiny on the issue of paying his personal taxes. (Ya think? Well, at least the man from Iowa said, out loud, what I was thinking. Go, Chuck!!)

He suggested the danger of "sweeping the under the rug" Geithner's tax problems in a rush to get him confirmed. (Ya think? Well, at least.... Wait. I already said this, didn't I?).

"I have paid what I owed," Geithner said under grilling from Grassley. "I apologize to the committee for putting you in the position of having to spend so much time on these issues." (Again, I guess as long as you're sorry (you got caught) then that makes it all OK. No need for any natural and logical consequences to your illegal actions).

Obama last week called Geithner's tax problems an embarrassment but an "innocent mistake." (It always is an innocent mistake for this guy, huh? ACORN, Rev. Wright, etc., etc, etc. And now, Gitmo!!)

Geithner failed to pay $34,000 in self-employment taxes from 2001 to 2004 for money he earned while he worked at the International Monetary Fund. He paid some of the taxes in 2006 after an audit discovered the discrepancy for the years 2003 and 2004.

But it wasn't until two years later, days before Obama tapped him to head Treasury last November (oops, sorry for the shrill screaming!!! ::ahem:: Wow, what an amazing coincidence)-- that Geithner paid back taxes he owed for the years 2001 and 2002.

He did so after Obama's transition team found that Geithner had made the same tax mistake his first two years at the IMF as the one the IRS found he made during his last two years at the international lending agency. (Hey, wait a minute. I thought this was an 'innocent mistake'. Well, fool me once and all that jazz, but I see a pattern and smell a rat).

Day 2.

And so it goes.

And so it shall be.

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