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Geithner: Spending hikes are short-term; will end
AP on Yahoo ^ | 3/12/09 | Jim Kuhnhenn - ap

Posted on 03/12/2009 9:21:46 AM PDT by 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.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Front Page News; Government; Politics/Elections
KEYWORDS: geithner; hikes; shortterm; spending
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To: NormsRevenge
"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.

21 posted on 03/12/2009 9:51:37 AM PDT by norwaypinesavage (Global Warming Theory is extremely robust with respect to data. All observations confirm it)
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To: NormsRevenge

The only have to last until everything is socialized.


22 posted on 03/12/2009 9:55:15 AM PDT by Mad_Tom_Rackham (The inmates are now officially running the asylum.)
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To: Roccus

I can’t remember aren’t we still paying the “temporary” phone tax for the Spanish American war or did that finally get repealed.


23 posted on 03/12/2009 9:57:18 AM PDT by MNlurker
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To: MNlurker

It was repealed in 2006...........partially.


24 posted on 03/12/2009 10:03:05 AM PDT by Roccus (The Capitol, the White House, the Court house.....................America's Axis of Evil!)
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To: 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.

AFAIK, we're still paying it...

the infowarrior

25 posted on 03/12/2009 10:03:25 AM PDT by infowarrior
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To: NormsRevenge

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.


26 posted on 03/12/2009 10:04:10 AM PDT by mbynack (Retired USAF SMSgt)
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To: Roccus

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


27 posted on 03/12/2009 10:04:32 AM PDT by MNlurker
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To: NormsRevenge

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


28 posted on 03/12/2009 10:05:23 AM PDT by griswold3 (a good story is more compelling than the search for truth)
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To: NormsRevenge
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...

29 posted on 03/12/2009 10:13:00 AM PDT by Poison Pill (Help, I've voted Republican and I can't get up!)
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To: Poison Pill
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."

30 posted on 03/12/2009 10:15:36 AM PDT by denydenydeny ("I'm sure this goes against everything youÂ’ve been taught, but right and wrong do exist"-Dr House)
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To: NormsRevenge

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


31 posted on 03/12/2009 10:16:42 AM PDT by 3catsanadog (I plan to give the new President the same respect and dignity the other side gave Bush.)
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To: denydenydeny

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


32 posted on 03/12/2009 10:19:40 AM PDT by Poison Pill (Help, I've voted Republican and I can't get up!)
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To: NormsRevenge
Name one ongoing entitlement that has ended; just one — Please.
33 posted on 03/12/2009 10:20:29 AM PDT by BillT (New Executive Order to abolish the WS Constitution to be signed to save the US Constitution)
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To: NormsRevenge

Remember the new acronym:

O ne

B ig

A ss

M istake

A merica!


34 posted on 03/12/2009 10:21:27 AM PDT by 2harddrive (...House a TOTAL Loss.....)
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To: caver

Then the tax hikes kick in.


35 posted on 03/12/2009 10:23:13 AM PDT by DPMD (~)
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To: NormsRevenge

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


36 posted on 03/12/2009 10:34:12 AM PDT by Mojave (Don't blame me. I voted for McClintock.)
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To: NormsRevenge

..... 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.


37 posted on 03/12/2009 11:06:26 AM PDT by Senator John Blutarski (The progress of government: republic, democracy, technocracy, bureaucracy, plutocracy, kleptocracy,)
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To: NormsRevenge

“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.


38 posted on 03/12/2009 1:08:43 PM PDT by henkster (0bamanomics: "I'll loan you all the money you need to get out of debt.")
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To: AdmSmith; Berosus; Convert from ECUSA; dervish; Ernest_at_the_Beach; Fred Nerks; george76; ...

“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


39 posted on 03/12/2009 4:46:31 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/____________________ Profile updated Monday, January 12, 2009)
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To: norwaypinesavage
"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.

40 posted on 03/13/2009 2:14:17 AM PDT by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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