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The Cost of 'Free'

Discussion in 'Political Debate & Discussion' started by carpro, Aug 2, 2009.

  1. carpro

    carpro Well-Known Member
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    http://finance.yahoo.com/news/2-Obama-officials-No-apf-2491158742.html?x=0&.v=7

    2 Obama officials: No guarantee taxes won't go up

    2 Obama administration officials can't guarantee middle-class Americans won't see tax hike

    By Philip Elliott, Associated Press Writer
    On Sunday August 2, 2009, 9:24 pm EDT


    WASHINGTON (AP) -- President Barack Obama's treasury secretary said Sunday he cannot rule out higher taxes to help tame an exploding budget deficit, and his chief economic adviser would not dismiss raising them on middle-class Americans as part of a health care overhaul.

    As the White House sought to balance campaign rhetoric with governing, officials appeared willing to extend unemployment benefits. With former Federal Reserve Chairman Alan Greenspan saying he is "pretty sure we've already seen the bottom" of the recession, Obama aides sought to defend the economic stimulus and calm a jittery public.

    Treasury Secretary Timothy Geithner and National Economic Council Director Larry Summers both sidestepped questions on Obama's intentions about taxes. Geithner said the White House was not ready to rule out a tax hike to lower the federal deficit; Summers said Obama's proposed health care overhaul needs funding from somewhere.
     
  2. carpro

    carpro Well-Known Member
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    It's inevitable.

    Another Obama promiose is about to become a lie.

    A tax increase during a recession. The zero is absolutely economically brain dead.
     
  3. OldRegular

    OldRegular Well-Known Member

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    Obama is a congenital liar. Anything he says should be considered with that in mind.
     
  4. rbell

    rbell Active Member

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    One guarantee: Geithner won't pay any of the increase.

    He didn't pay taxes to start with, and now he's in charge of our treasury.

    Go figure.
     
  5. carpro

    carpro Well-Known Member
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    The Obama adminmistration is loaded with tax cheats just like him.
     
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