OK, I'm thinking about what increasing the geometry means...
From what I gather, the expansion of space does not include the expansion of the material objects in that space, for if it did the proportion would be constant.
So if space is expanding, is it the unit of measure or the number of units between the two objects that is expanding or increasing?
If it means the unit of measurement is increasing in size between the two objects, then fewer units would be measured later between the "non-moving" objects and would cause the observation that the distance (measured in these increasing units) between the objects was decreasing and space was not expanding, but contracting.
If it means that the number of units between the two "non-moving" objects is increasing, then the size of these units must be decreasing, which really might better be considered a contraction of space (or a contraction of the units of space - contraction of the metric) rather than an expansion.
The whole idea is very peculiar - especially the way the units of space measurement are held separate from the units of measuring the size of the objects in that space. What kind of units of distance are these that apply to one but not the other?
The balloon analogy to me is inadequate; the balloon is a three dimensional object, but in the analogy one is asked to consider only the surface (distances measured from one point on the surface to another by traveling the surface rather than straight through the volume of the sphere), and not consider that surface as a true three dimensional surface (sphere) but as a two dimensional analog of a three dimensional space, and to ignore the curvature.
The raisins in the bread dough analogy is better in that it is three dimensional, but it still fails because the raisins are certainly accelerating apart, but the expanding space concept asks one to hold that the individual locations are "non-moving".
If one seeks light speed as a guide, it seems that an expanding space where the unit size is decreasing and the number of units between "non-moving" objects is increasing would suggest that the speed of light between the two "non-moving" objects is slowing down through time if the speed of light is held to a measured constant of distance/time. It will take light increasingly longer times to cover the increasing number of units between the two "non-moving" objects.
On the other hand, if the travel time of light between the two "non-moving" objects is held constant, then the expanding space in which the units are decreasing and the number of units between objects is increasing would suggest that the speed of light is actually increasing through time. The same travel time for the light will be covering increasing numbers of units in the same time period so as to make the light speed (distance/time) increase through time.
Surely someone has thought about this and can clarify what I'm missing.