Posted on 04/27/2010 9:34:59 AM PDT by PMAS
WASHINGTON (AP) -- President Barack Obama said Tuesday Washington must urgently confront unpleasant truths about deficits, while the Federal Reserve chairman said failure to mop up red-ink spending would "ultimately do great damage" to the country.
Obama refused to rule out measures that would fight "exploding deficits." This signaled that politically toxic tax increases were options that could be under consideration by members of a panel he tasked with reducing federal deficits that threaten to erode Americans' standard of living.
Obama explicitly told reporters in the White House's Rose Garden that neither he nor his commission members
(Excerpt) Read more at finance.yahoo.com ...
“Obama said Tuesday Washington must urgently confront unpleasant truths about deficits”
Yea..like recognizing that the Kenyan quadrupled the deficits during his reign of incompetence.
Bipartisan???
You kidding???
You raised them up all by yourself.
SCREW YOU.
- Last Republican Congress budget deficit FY2007: $160 billion
- Last Democratic Congress budget deficit FY2009: $1.4 trillion
Anyone see the problem?
They can’t blame the “Party of No”.
I get it.
Partisan spending.
Bipartisan tax increases.
You don't get it. Your bosses, the American people, are telling YOU, and the rest of the DC clown posse, tax increases ARE off the table.
Giving more tax revenue to DC is akin to giving free crack to a drug addict thinking it will cure their addiction.
Every time we have given DC more money, they have exploded spending faster then taxpayer can pay for it.
Time for REAL change, this time let DC fix it's spending addiction 1st. If they manage to get their fiscal house in order for say 5 years, then we will discuss new taxes.
We do not have a tax collecting problem in this country, we have a spending problem.
After tripling the national debt, Obama now concerned about a “mountain of debt”
These people are shameless, only because they know the lamestream media covers their a**es.
If Bush ever tried to pull this (with a straight face), they’d be laughing right in his face. But noooooooooo.
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