...that we elected a bunch of clueless socialist loons to run the country last November...
WASHINGTON — Two of President Barack Obama's economic heavyweights said middle-class taxes might have to go up to pare budget deficits or to pay for the proposed overhaul of the nation's health care system.
The tough talk from Treasury Secretary Timothy Geithner and National Economic Council Director Lawrence Summers on Sunday capped a week that brought rare good news for the economy: The worst recession in the United States since World War II could be on the verge of ending. Even so, officials appeared willing to extend unemployment benefits.
Geithner and Summers both sidestepped questions on Obama's intentions about taxes. Geithner said the White House was not ready to rule out a tax hike to reduce the federal deficit; Summers said Obama's proposed health care overhaul needs funding from somewhere.
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"If we want an economy that's going to grow in the future, people have to understand we have to bring those deficits down. And it's going to be difficult, hard for us to do. And the path to that is through health care reform," Geithner said. "We're not at the point yet where we're going to make a judgment about what it's going to take."
So basically, what Mr. Geithner is saying here is that the only way to save the economy is through raising taxes. With the economy in the still somewhat shaky state it's still in. Wow. And this guy was appointed secretary of the damn treasury? One would think they'd at last hold off on that until the economy started growing again. I wonder what they'd do if we took the route he did and did not pay those taxes. And why isn't there any talk of cutting wasteful spending? Yes, I am quite aware of the cuts to defense by way of killing the F-22 program, and I'm not even saying I agree with that, but was that it? I really do wonder what it's going to take for the people to wake up and get the attitude that the colonists had back when King George was pulling this same crap...
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