WASHINGTON (Aug. 3) - Two of President Barack Obama's economic heavyweights said middle-class taxes might have to go up to pare budget deficits or to pay for the proposed overhaul of the nation's health care system.
The tough talk from Treasury Secretary Timothy Geithner and National Economic Council Director Lawrence Summers on Sunday capped a week that brought rare good news for the economy: The worst recession in the United States since World War II could be on the verge of ending. Even so, officials appeared willing to extend unemployment benefits.
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Who didn't know this was coming.
ReplyDeleteOh wait . . . the democrats!
So so sad. I am afraid of what this Country is becoming.
The Daily Times ran an articvle today suggesting we MIGHT be coming out of this recession soon. HOW?
ReplyDeleteWith the democrats, (tax and spend experts) in the majority in Congress and in the White House, it's Jimmy Carter all over again.
When gas comes down to $ .95 cents per gallon, that will be our first sign we're in recovery. Until then, I don't buy any of their BS.
Taxing the middle class is the Democrat version of "Drill baby Drill"--what do the peasants need money for anyways? Those shows were perfectly scripted to begin softening up the middle class taxpayer to the idea of huge tax increase. Obama is a complete liar.
ReplyDeleteWe will not have an oportunity to come out of this recession when the Obama Administration raises the taxes on the middle class. Money is tight now and people are not able to spend. It's only going to get worse. It is so frustrating that other people cannot see this!
ReplyDeleteLiar is the least of what he is. He is a thief who has cleaned out the Treasury and passed the debt on to our grandkids. Now he wants what we have left in the bank? He must have read that book Hugo Chavez gave him.
ReplyDelete"Obama administration dismisses talk of middle class tax hikes as 'hypothetical back and forth' suggestions"
ReplyDeleteHere is your answer. Obama always does the opposite of what he says.