Posted on 06/25/2011 1:20:03 PM PDT by John Semmens
In testimony before a House of Representatives Committee, Treasury Secretary Timothy Geithner argued that higher taxes are needed “to forestall a potentially disastrous shrinkage of government.”
Representative Renee Ellmers (R-NC) challenged Geithner’s assertion pointing out that “government spending in this country now consumes almost two-thirds of the income generated by the private sector—the most ever in our history. This is hardly a shrinkage of government.”
“I didn’t say government was shrinking,” Geithner replied. “I was warning that it could shrink if we don’t find more revenue to feed it. A lot of people don’t understand that government is the crucial entity in our society. Unless it has the resources it needs to channel behavior toward socially beneficial purposes there’ll be no direction for our economy. My point is, why let the nation’s dwindling resources be squandered by an anarchic private sector when we can salvage them for the public good through targeted tax hikes?”
The fact that the most anarchic sphere of the private sector—small businesses—accounts for more than 60% of the job creation failed to sway Geithner. “Small businesses only create these jobs because they have the money,” Geithner pointed out. “If the government taxed that money away these businesses wouldn’t be creating those jobs, government would. And they’d be better jobs with higher pay and more growth potential.”
In related news, President Obama went to Pittsburgh to pitch his new “Advanced Manufacturing Partnership” program. “Under this program, government and businesses will work together for a better America,” Obama said. “The self-serving quest for profit will be supplanted by a coordinated plan for national renewal. Private greed will give way to serving public need. It’s a model for a transformed way of life for this country.”
Turbo Tax Timmy is an expert when it comes to taxes. sarc/
Pathetic, these losers and tax cheats want us to pay more. They will all be run out of town once Obama loses the election. They never ONCE tried to reduce the billions and billions they’ve awarded or paid off their slimy friends. America needs an enema to rid ourselves of all those Democrats. Drill now and cut off all the entitlements!
These clowns are not drilling for oil! Zero and Micro Econ Tim are drilling for 2012 votes by depleting our strategic reserves. Tim has no idea what national income accounting is. If he does-he dismisses macro econ for micro.
Hey Geithner! Wake up! It was already tried and it failed in the old Soviet Union. What you don't tell us is that the money coming into the public sector seems find a way into the bank accounts of money scheming politicians. That is why the Soviet system collapsed. That money has to create increased value for the system to work.
What this stupid, asshole, incompatent, tax cheat doesn't realize is that's exactly what the majority of Americans want. WADDAJERK!!
Geithner pointed out. “If the government taxed that money away these businesses wouldn’t be creating those jobs, government would. And they’d be better jobs with higher pay and more growth potential.”
In order for a job to build up a nation, the person has to be providing a good or service. Government jobs are a net loss to society.
ALMOST — man, that was too close to truth, this time Friend!
In order for a job to build up a nation, the person has to be providing a good or service. Government jobs are a net loss to society.
I think that is lost on liberals. It’s pretty easy economics but they can’t connect the dots.
A lot of people don’t understand that government is the crucial entity in our society.
Unless it has the resources it needs to channel behavior toward socially beneficial purposes there’ll be no direction for our economy.
The only directing for the economy under 0bambi is DOWN..
Hey Geithner...if this is so important...why did you tax cheat and pay less?....hypocrite
Another great satire piece.
I was in the middle of the third paragraph before I looked up to see the source.
Even though Geithner and the Obama admin haven’t used those ‘exact words’, the content of what they are saying is the same and your satire piece.
OOPS.
...what they are saying is the same AS your satire piece.
I would like a Z06 Corvette sitting in my driveway. That's right, I can't afford it. I guess I'll stay with my grocery getter. Oh well.
Satire or not, I want the ‘Vette.
At least Geithner gets it. Except that is exactly the thing we’re trying to do is shrink the freaking government over-reach into our lives. He doesn’t get that part and thinks everybody likes big government.
Damn....almost got me this time.
Sometimes shrinkage ISN’T a good thing. Paging George Costanza!
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