Obama Told Debt Commission "Everything is on the Table"; Includes Higher Taxes - Video 4/25/10

Freedom's Lighthouse ^ | April 25, 2010 | Brian

[Federalist Patriot]

Here is video of Democrat Erskine Bowles on Fox News Sunday today where he said President Obama told him and former GOP Sen. Alan Simpson that, "Everything is on the table," as they do their work as Co-Chairs of his "bi-partisan Debt Commission," tasked with coming up with a report on how the solve the U.S. Debt problem.

Fox News' Chris Wallace had asked Bowles if tax increases were on the table in light of Obama's pledge during the 2008 Campaign that he would NOT raise taxes on anyone making less than $250,000 a year.

Bowles said both cuts in "sacred cow" programs, and "raising revenue" has to be on the table. He also said a Value Added Tax should be considered as a way to increase revenue.

Alan Simpson essentially said a VAT could not be added without doing something with the existing income tax structure.

[GeronL]

How about some massive entitlement cuts?

[Parley Baer]

I saw Erskine Bowles on Fox News and it did not take him long to take a jab at President Bush.

[J Edgar]

Do you like watching snakes roaming in your backyard?

[Jet Jaguar]

ping

[SmokingJoe]

Obama Told Debt Commission “Everything is on the Table”; Includes Higher Taxes

With “Tax ‘em High” Andy Stern on the panel, who didn't see that coming?

[AnotherUnixGeek]

How about some massive entitlement cuts?

That's not on the table. "Everything" for a Democrat is shorthand for "everything our public labor union paymasters will allow".

[GeronL]

That is what I figured.

[mlocher]

Bowles said both cuts in "sacred cow" programs, and "raising revenue" has to be on the table. He also said a Value Added Tax should be considered as a way to increase revenue.

When it comes to raising taxes, the dems can get very specific with ideas. When it comes to cutting federal gov't spending, the only things that are spoken are vague ideas, like "sacred cows." I don't live in India! Be a bit more specific, Mr. Bowels.

[Pikachu_Dad]

Fire Obama, fire the Senate, fire the House...

START OVER.

[Oceander]

How about spending cuts; those on the table? Can we cut Obastardcare?

No, I didn't think so. He's lying, the way he always does; it may be "on the table" but it will never, ever be permitted into the end result if Obastard and the fascists, I mean Democrats, don't like the ideological aspects of it. They'd rather kill grandparents than actually fix the healthcare system.