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Summers won't rule out new taxes [BOHICA]
The Hill ^ | 8/02/09 | Michael O'Brien

Posted on 08/02/2009 9:29:57 AM PDT by advance_copy

New taxes to help address the long-term budget deficit cannot be ruled out, National Economic Council Director Larry Summers admitted Sunday.

Summers said during an appearance on CBS that "it's never a good idea to absolutely rule things out no matter what" when it comes to the prospect of new taxes.

[snip]

President Obama's top economic adviser said that the efforts to restructure healthcare in the U.S. would be chief among its efforts to reduce the deficit over time, characterizing the administration's attempt for a deficit-neutral reform bill as historically responsible.

"This is the most fiscally responsible approach to introducing a major structural change in the economy that's ever been pursued," Summers said. "There has never been this degree of careful scrutiny of long-run cost impacts."

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Extended News; Government; News/Current Events
KEYWORDS: agenda; bho44; bhoeconomy; bhotaxincrease; democrats; economy; healthcare; larrysummers; liberalfascism; socialism; taxandspend; taxes
President Obama's top economic adviser said that the efforts to restructure healthcare in the U.S. would be chief among its efforts to reduce the deficit over time

Does anybody with the sense that God gave goose think that Obama's "health care" is going to decrease the deficit?!?!? The costs would skyrocket way above anything they will admit.

These people are either stupid, or they think we are stupid, or both. Taxes are going up... way up. It doesn't matter if you don't make more $250,000 per year. BOHICA.
1 posted on 08/02/2009 9:29:58 AM PDT by advance_copy
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To: advance_copy

Obama has worked harder to not raise taxes than anything he ever did... .... ..........


2 posted on 08/02/2009 9:31:08 AM PDT by screaminsunshine (!!)
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To: screaminsunshine
“President Obama’s top economic adviser said that” “the administration's” CONTEMPT for a deficit reform bill as “historically Irresponsible”.

“This is the most fiscally Irresponsible approach to introducing a major structural change in the economy that's ever been pursued,” Summers said.”

Damned DemonRATs are always confusing the difference in the meaning of words.

3 posted on 08/02/2009 9:43:25 AM PDT by bitterohiogunclinger (America held hostage - day 163)
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To: screaminsunshine
“President Obama’s top economic adviser said that” “the administration's” CONTEMPT for a deficit reform bill as “historically Irresponsible”.

“This is the most fiscally Irresponsible approach to introducing a major structural change in the economy that's ever been pursued,” Summers said.”

Damned DemonRATs are always confusing the difference in the meaning of words.

4 posted on 08/02/2009 9:43:50 AM PDT by bitterohiogunclinger (America held hostage - day 163)
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To: advance_copy

Too many lies.
If the cap and Trade doesnt break us the Health Care Reform will and anybody who say’s differently is dreaming.

When you screw over the electric companies and charge them for carbon credits that dont exist you are taxing me , I am smart enough to know that.

The only way money can be saved in health care is to take away that Health Care, and if that doesnt tax me it kills me. Slowly maybe , but surely. I Know that too.


5 posted on 08/02/2009 9:59:21 AM PDT by Venturer
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To: Venturer

Too many lies...etc...
= = = = = = = = = = = = = = = = = = =
There was story in the Washington COMPost about the citizens fretting about new tax hikes restricting travel.
The article (I do on line only) piqued my curiosity as I know that the present Administration said any tax increases would only affect the SUPER RICH.
He forgot to mention that by squeezing the States (and District of Columbia) that they would be forced to raise taxes on gas, food, cigarettes and the like.
Guess only SUPER RICH people travel, eat and smoke OR, IF GIVEN ENOUGH TIME, THAT WILL BE THE CASE.

BOHICA is 100% correct....And I have a feeling ‘we ain’t seen nutten yet’ they still have a about 15 months to completely screw us into submission and we get a chance to vote some of these clowns out.
DEFINITELY NEED AN ANTI INCUMBENT MOVE.


6 posted on 08/02/2009 10:06:50 AM PDT by xrmusn
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To: bitterohiogunclinger

That is unless you are trying to destroy the private sector and the economy. Then this all makes perfect sense. Our enemys are his allies.


7 posted on 08/02/2009 10:10:45 AM PDT by screaminsunshine (!!)
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To: advance_copy
American citizens need to wake up to the counterfeit ideas and false "hopes" offered by politicians who use "promises," just as the rest of us use "currency."

They buy votes with "promises" in order to gain power to themselves and their ilk. Then, when "hopes" are dashed, "the people" they have promised to help (the naive, the poor, the ignorant--even the "educated" who are ignorant of liberty vs. tyranny) find themselves enslaved, working for those who have purchased their power in the most despicable manner--by offering "hope and change." Thus it has ever been.

The people who founded America were not so "dumbed down." Hear two of them:

"It is proper to take alarm at the first experiment on our liberties. We hold this prudent jealousy to be the first duty of citizens and one of the noblest characteristics of the Revolution. The freemen of America did not wait till usurped power had strengthened itself by exercise and entangled the question in precedents. They saw all the consequences in the principle [usurpation of power] and they avoided the consequences by denying the principle. We revere this lesson too much . . . to forget it." - James Madison

" . . . nip the shoots of arbitrary power in the bud, is the only maxim which can ever preserve the liberties of any people. When the people give way, their deceivers, betrayers, and destroyers press upon them so fast, that there is no resisting afterwards. The nature of the encroachment upon the American constitution is such, as to grow every day more and more encroaching. Like a cancer, it eats faster and faster every hour. The revenue creates pensioners, and the penshioners urge for more revenue. The people grow less steady, spirited, and virtuous, the seekers more numerous and more corrupt, and every day increases the circles of their dependents and expectants, until virtue, integrity, public spirit, simplicity, and frugality, become the objects of ridicule and scorn, and vanity, lusury, foppery, selfishness, meanness and downright venality swallow up the whole society." - John Adams

Further, it was not just the founding leaders who were well-informed about their constitution and approaching threats to its protections. By the Year 1830, when the French jurist Tocqueville traveled America, he wrote admiringly of the citizenry, observing that even the backwoodsman was far more well-read and informed than those in other parts of the world, and that they understood their Constitution, and had with them a Bible and a newspaper. Sadly, beginning in the mid-20th Century, our "government" schools removed the ideas of liberty from the nation's textbooks, largely under the guise of a counterfeit idea of "separation of church and state," and the citizenry is uninformed as to the difference between tyranny and liberty.

Today, with all modern means of communication, Americans possess little understanding of threats to their liberty and, thus, risk losing it to charlatans whose only goal is power.

8 posted on 08/02/2009 10:11:36 AM PDT by loveliberty2
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To: advance_copy

Every major program, introduced since LBJ, was supposed to, in the long run, reduce costs and improve things.

Every, major city, with trillions of 1960’s,70’s dollars( those were real dollars then ) spent on slum clearance, urban renewal, model cities program not only did not do what they spent those trillion on, they made it worse.

I have no doubt that this scheme, racket, delusion will cost more, naturally, and leave us with a worse medical environment.

Anyone care to bet how long after this ‘reform’, we will have a clamour for the reform of the reform? Or maybe an ‘overhaul’, and after a alignment, or need to balance,then a period to bring into line, followed by a need to calibrate, correct, fine-tune. Decades later at, fix, a mend, followed by some ‘tweaking’. And so on...


9 posted on 08/02/2009 10:13:16 AM PDT by Leisler
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To: loveliberty2
Sadly, beginning in the mid-20th Century, our "government" schools removed the ideas of liberty from the nation's textbooks, largely under the guise of a counterfeit idea of "separation of church and state," and the citizenry is uninformed as to the difference between tyranny and liberty.

Marxism is our nation's most serious threat. Schools are the Marxists' most important weapon.

10 posted on 08/02/2009 10:20:04 AM PDT by wintertime (People are not stupid! Good ideas win!)
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To: advance_copy
"This is the most fiscally responsible approach to introducing a major structural change in the economy that's ever been pursued," Summers said. "There has never been this degree of careful scrutiny of long-run cost impacts."

In the Clinton Administration, this guy was one of the chief opponents of imposing any kind of regulation of hedge funds or complex derivatives, under the rationale that financial models had been developed that would eliminate risk. In the Obama Administration, he was one of the chief advocates of the stimulus plan, maintaining that unemployment would never go above 8 percent.

Now he wants us to spend many billions more on some health care boondoggle, under the pretext that this will cut the deficit and solve our economic problems. In a more rational environment, he would be laughed off the public stage, if not sent to the funny farm.

Behold Obama's Chief Economic Advisor.

11 posted on 08/02/2009 10:26:12 AM PDT by BusterBear
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To: BusterBear

File this under piss on my leg and tell me it’s raining.


12 posted on 08/02/2009 10:30:32 AM PDT by marlon (Does anyone know the procedure for impeachment of a teleprompter?)
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To: screaminsunshine

“That is unless you are trying to destroy the private sector and the economy. Then this all makes perfect sense. Our enemys are his allies.”

This should be shouted from teh rooftops day-in and day-out. If the republicans had a brain among them they would do this and simply point to our economy since the Dems took control in 2006 and more recently w/ Barak in the white house. The people need to see the connection made.


13 posted on 08/02/2009 10:38:41 AM PDT by Constitutional Patriot (Socialism is un-American.)
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To: screaminsunshine

New taxes to help address the long-term budget deficit cannot be ruled out, National Economic Council Director Larry Summers admitted Sunday.


Clearly they are trotting out the minions to put out the talking points to the talking heads....Geitner was on ABC today as well.


14 posted on 08/02/2009 10:41:15 AM PDT by Freedom56v2 ("If you think healthcare is expensive now, just wait till it is free! "~ PJ O'Rourke)
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To: advance_copy

...”New taxes to help address the long-term budget deficit cannot be ruled out, National Economic Council Director Larry Summers admitted Sunday.”...

Someone needs to tell these Executive Branch a-holes that they don’t have that ability. It resides with the Legislative Branch.


15 posted on 08/02/2009 12:20:06 PM PDT by astounded (The democrat party is a clear and present danger to America.)
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To: wintertime
Schools are the Marxists' most important weapon.

That is how the MSM gets stocked
16 posted on 08/02/2009 12:57:54 PM PDT by uncbob
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To: astounded
Someone needs to tell these Executive Branch a-holes that they don’t have that ability. It resides with the Legislative Branch. BR>
Ya mean Pelosi and Reid will fight them
17 posted on 08/02/2009 12:59:49 PM PDT by uncbob
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To: advance_copy

bump


18 posted on 08/02/2009 3:14:37 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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