However, Whizkid Timothy Geithner is now allowing for the possibility that middle class tax increases are coming. In an interview with George Stephanopoulos, Geither said the administration will "do whatever is necessary" :
To get the economy back on track, will President Barack Obama have to break his pledge not to raise taxes on 95 percent of Americans? In a “This Week” exclusive, Treasury Secretary Tim Geithner told me, "We’re going to have to do what’s necessary.” Geithner was clear that he believes a key component of economic recovery is deficit reduction. When I gave him several opportunities to rule out a middle class tax hike, he wouldn’t do it. “We have to bring these deficits down very dramatically,” Geithner told me. “And that’s going to require some very hard choices.”
Who didn't see that one coming? The numbers guys have been saying for weeks that you can't do everything BHO wants to do and not raise taxes on everybody. The rich can't foot the bill for all of it.
Hope 'n Change. Right.