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.
4 comments:
It is time to sit back and look at the duplicity in government bureaucracies and make the necessary cuts, especially in social programs that don't work, which are probably too numerous to count.
WIll someone please explain this cash for clunkers debacle? The way I see it, the U.S. taxpayers are paying the government to make the cars and now we're giving money to the people to buy the cars we are paying the government to make.
Chances are many of the people who are buying the cars are the same people we gave money to to buy houses they couldn't afford.
So in order for us to continue down the path of this insanity, we need to pay higher taxes for the government to screw us even more.
I just read in the World Net Daily (or is that too truthful and radical for most libs) that many of the chicken shits in congress are planning on conference calls rather than face to face meeting with constituents during the recess.
If this is true, this stinks, really stinks, because we all know how Obama stages his conference calls. What's to stop some those in congress who has gonads the size of acorns from stacking the deck in their meetings in their favor, so they can say the overall majority is for what the overall majority in actuality is adamantly against.
Do these fools really think we're that foolish?
Has anyone seen the videos of the Congressional nimrods trying to explain what they are doing in the beltway? If it weren't so damned sad as to what they are doing to us, it would be comical to watch. They look like idiots and you can tell they really don't believe what they are saying, and making stuff up as they speak, but yet they say it.
And when they get pinned on the lies, they have the gall to tell you something like, "You just don't understand..."
So when they tell you that you don't have the capacity to understand the big picture, politely ask them to explain it to you, so you can. It's their job to do so, that's why we elected them. But chances are they understand it less than you do.
GR, Explain cash for clunkers? Ok: the government came up with a way to incentive the purchase of newer cars as a way to stimulate the near-dead auto industry. It worked well enough that it ran out of money in a week. I hope the fact that a whole bunch of cars got sold in the middle of a severe recession isn't lost on you - that's good, right?
'Chances are' you don't know a single thing about the people who are buying cars or how the're affording them and are arguing from a position that you simply made up. You don't suppose a $4500 tax credit might help someone afford a car?
ps. re: tobacco taxes, I wasn't aware that the middle class were required to smoke. Interesting.
@ Frank said "It worked well enough that it ran out of money in a week."
And where will the goverment get more money to put into this program? Did the government so happen to have the money on hand? Where pray tell does this money come from?
In case you don't know, either through taxes, print more, or both. Either way, the tax payer is stuck paying the bill.
That I do know about the people who are buying the cars.
When the program ran out of money, one woman they interviewed on the radio yelled the liberal's battle cry, "What will we do now!"
I have an answer, let's try to do things on our own without burdening the tax payers of America.
Whenever there is a stimulus from the government, like Cash for Clunkers, that money comes from the people.But like most people on the left, and you said it by glorifying the "tobacco taxes", there isn't a tax they don't like.
BTW, didn't Obama say "NO taxes will go up," in the 47 second video attached to this post.
Also, where in the Constitution does it say the people have a right to an automobile? Is that between the right to a house and a right to free health care?
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