Geithner: Spending hikes are short-term; will end

AP on Yahoo ^ | 3/12/09 | Jim Kuhnhenn - ap

[NormsRevenge]

WASHINGTON – President Barack Obama's ambitious new budget faced bipartisan skepticism Thursday as key senators questioned the administration's long-term budget outlook and the deficits it envisions rising in the middle of the next decade.

Treasury Secretary Timothy Geithner defended it in testimony before the Senate Budget Committee, saying current increases in spending are short term and will have to be substantially reduced to get the country back into fiscal shape.

Still, the Democratic chairman of the Budget Committee, Kent Conrad of North Dakota, called the track of future deficits "unsustainable" and singled out Obama's proposal for spending $634 billion on health care over the next 10 years.

"Some of us have a real pause about the notion of putting substantially more money into the health care system when we've already got a bloated system," he said.

[norwaypinesavage]

"Obama echoed Biden's theme, saying that "if we see money being misspent, we're going to put a stop to it."

Wow! What a financial genius. I wish i could think of such profound intellectual statements. That will certainly cure the nations financial mess.

[Mad_Tom_Rackham]

The only have to last until everything is socialized.

[MNlurker]

I can’t remember aren’t we still paying the “temporary” phone tax for the Spanish American war or did that finally get repealed.

[Roccus]

It was repealed in 2006...........partially.

[infowarrior]

I can’t remember aren’t we still paying the “temporary” phone tax for the Spanish American war or did that finally get repealed.

AFAIK, we're still paying it...

the infowarrior

[mbynack]

I think that the government said the same thing about a lot of the programs during the great depression. Most of them are still around.

[MNlurker]

Thank you. I thought I remembered discussions about the tax a couple of years ago.

[griswold3]

Oh, it’ll end all right, but it won’t have a pretty ending!

[Poison Pill]

Geithner defended it in testimony before the Senate Budget Committee, saying current increases in spending are short term and will have to be substantially reduced

Also...

We're from the government and we're here to help.

This tax is only temporary.

This program will sunset in...

This plan is revenue neutral

The provisions of this bill will lower the cost of...

[denydenydeny]

We're from the government and we're here to help.

This tax is only temporary.

This program will sunset in...

This plan is revenue neutral

The provisions of this bill will lower the cost of...

"This tax is to provide dedicated funding for _______ and will not be used for other purposes."

[3catsanadog]

While reading this the image of Lucy holding the football for Charlie Brown to kick keeps appearing in my head.

[Poison Pill]

I’m glad you asked me that question. Let me be perfectly clear...

[BillT]

Name one ongoing entitlement that has ended; just one — Please.

[2harddrive]

Remember the new acronym:

O ne

B ig

A ss

M istake

A merica!

[DPMD]

Then the tax hikes kick in.

[Mojave]

Obama is going to fire the hundreds of thousands of new federal government hires he’s making?

[Senator John Blutarski]

..... Has anyone noticed the chart in the background.

SURPRISE!

After all the blouse-ripping Democratic histrionics about W’s “profligate spending”, federal spending as a percentage of GDP was actually aa or below the average for the past 50 years - even with the military operations in Iraq and Afghanistan.

I wonder what the figures for the boy genius will look like.

[henkster]

“I love the Republic. The powers you give me I will lay down when this crisis has be abated!”
;Chancellor Palpatine

“All those who gain power are afraid to lose it.”
; Chancellor Palpatine

“Excellent. Everything is going as planned.”
Darth Sidious

George Lucas wanted us to believe these lines were spoken by George Bush. Instead, they fit perfectly in Barack 0bama’s mouth. How ironic.

[SunkenCiv]

“But the tax increases aren’t going to stop,” he added.

Workers’ Health Benefits Eyed for Taxation
The Washington Post | 3/12/09 | Lori Montgomery
Posted on 03/12/2009 9:04:59 AM PDT by marshmallow
http://www.freerepublic.com/focus/f-news/2205121/posts

Obama wants to charge disabled veterans for treatment at VA facilities
CNN | 03-10-09 | Adam Levine
Posted on 03/12/2009 10:18:30 AM PDT by euram
http://www.freerepublic.com/focus/f-news/2205192/posts

“Oh, and I may have been referring to a later year when I said the spending hikes were short term. Shouldn’t take more than seven or eight years to end.”

Dems Start Drafting ‘Stimulus 2: The Sequel’;
Vitter-Bishop Propose No-Cost Stimulus
HumanEvents.com | 3/12/2009 | Connie Hair
Posted on 03/12/2009 8:43:19 AM PDT by 2nd amendment mama
http://www.freerepublic.com/focus/f-news/2205101/posts

Congresswoman With Ties to Bank Helped Seek Funds
New York Times
Posted on 03/12/2009 8:42:14 AM PDT by Sub-Driver
http://www.freerepublic.com/focus/f-news/2205100/posts

[American in Israel]

"Obama echoed Biden's theme, saying that "if we see money being misspent, we're going to put a stop to it."

Time to do the Stevie Wonder impressions.