OBAMA'S IMAGE FALLS TO THE MOB
Posted on 09/15/2009 8:44:03 AM PDT by your local physicist
President Barack Obama can return the U.S. budget situation to a sustainable one without breaking his pledge to not raise taxes on Americans making less than $250,000, U.S. Treasury Secretary Timothy Geithner said on Tuesday.
"We can get our fiscal house in order. We can go back, as a country, to the point where we're living within our means without violating that basic commitment," Geithner told ABC's "Good Morning America" program.
"It's his (Obama's) commitment and he's very committed to that."
Geithner also said the government would work to unwind its investments in financial institutions and other companies as quickly as possible, but it would likely take longer to sell off its major stakes in General Motors and Chrysler.
(Excerpt) Read more at cnbc.com ...
This administration apparently has almost no concern for people in the upper half of the income distribution, who are our business leaders, risk takers, entrepreneurs, and the people the same administration expects to higher a lot of workers and create new jobs. This administration is all about entitlement programs and subsidies for low income people. It's all about rewarding lack of effort and irresponsibility. Of course we need to help people now during this recession while they're unemployed, but eventually the growth of entitlement programs has to be slowed, or all three kinds of taxation have to increase.
Once the 2003 tax cuts expire at the end of 2010 ALL INCOME LEVELS will be paying higher federal income tax rates of the
year 2000.
This whole issue is moot! We are ALL definitely getting slammed with higher taxes at the end of 2010!
“It’s his (Obama’s) commitment and he’s very committed to that.”
It’s good that he’s committed to his commitiments. Is he committed to being committed to the committments he’s committed to?????
You lie!
That should become the standard response to pretty much anything out of this regime.
Major Mistake: The Equivalent of Bushes "Read my lips, no new taxes". Believe me, the taxes on the poor and middle class are on the way and slated already. And the same fate as George senior, for this saying, is on the way for Obama.
It depends on what the meaning of “is” is.
Geithner...where did they dredge up this idiot? Don’t answer that, rhetorical question!!
Geithner was born to be someone’s bitch.
Good point. The MSM always says the Bush tax cuts were tax cuts for “the rich” and the end of those tax cuts is a tax increase only on “the rich.” But middle class taxes will be going up too. So this administration apparently believes the end of tax relief is not a tax increase, or else they’ve only been talking about “new taxes” and their baseline is from the point when the Bush tax cuts expire.
Whew I guess this means Obama will veto the health bill, since it includes new taxes on anyone too poor to buy insurance. That’s a relief!
One of the biggest pieces of propaganda ever hoisted upon the American public by the MSM and Democrats.
Not only that but it sounds like the health care bill may force everybody to buy a “comprehensive” health insurance policy with a fairly low annual deductable, whether we want it or not. Those “comprehensive” policies will cost more than high-deductable policies, which are usually purchased by younger people in good health and higher income people who want to self-insure up to a certain cost level (like myself). So this bill will effectively be a tax increase on people who want high-deductable policies and don’t need a lot of coverage—a tax increase to subsidize insurance costs for poor people and people with pre-existing conditions, who are going to be extremely expensive for health insurance companies. We’re losing our freedom of choice as the democrats seize control of our economy and our lives.
Depends on what your definition of ‘taxes’ is.
Taxes on medical services and goods will translate to higher prices. Taxes on carbon emissions will translate to higher prices for energy, etc. We may not see an increase in our checks to the IRS, but we will pay, and pay..... but it’s for our own good, yaknow.
Depending on when fully subsidized healthcare kicks in, we are going to turn ourselves into a socialist European country. It won't make any sense for people in the middle class to make more money because they will lose it all in mandatory insurance and taxes. The American Dream will officially be supplanted by a cradle to grave worker bee mentality.
Geithner is a bumbling fool. He reminds me of the creepy friend in the movie Ghost who was stealing all of the money from his firm.
Yes, I always thought that too! Great ending for him too!
Geithner might say, “I think of myself as middle class, and you can bet I’m not paying any extra taxes.”
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