Topic: Obama Officials Don't Dismiss Possibility of New Taxes
boredinaz06's photo
Sun 08/02/09 02:40 PM
President Obama may have to break his campaign pledge and raise taxes on middle-class Americans to pay for public health care and the growing deficit, an eventuality that administration officials touched lightly on Sunday as they promoted an economy emerging from recession.

With an expected deficit next year of $1.8 trillion, and spending still being planned for a $1 trillion, 10-year health care reform, officials say something will have to be done to prevent further erosion of the economy.

"We will not get this economy back on track, recovery will be not strong and sustained, unless we ... can convince the American people that we're going to have the will to bring these deficits down once recovery is firmly established," Treasury Secretary Tim Geithner said on ABC's "This Week."

Asked point blank whether it was right to suggest it is a matter of when, not if, taxes will be raised, Geithner responded, "It is absolutely right."

So much for the messiahs promises.

AndrewAV's photo
Sun 08/02/09 02:41 PM
A politician lying to get into office!?! No way!

no photo
Sun 08/02/09 02:43 PM
lol

malexand's photo
Sun 08/02/09 06:12 PM
Are there any politicians that aren't theives or liers? If so I would like to meet him or her.

TJN's photo
Sun 08/02/09 06:30 PM
It's ok.

It's all Bush's fault for handing this mess over to Obama and they didn't know it was as bad as it is. frustrated

boredinaz06's photo
Sun 08/02/09 07:09 PM

It's ok.

It's all Bush's fault for handing this mess over to Obama and they didn't know it was as bad as it is. frustrated


Unfortunately for the obamites, all who are in power now of both houses and obama himself were in office when this economic downturn began and yet nobody said anything until now. Now its beneficial to them to complain and point fingers like 3rd graders. Disgusting!

AdventureBegins's photo
Sun 08/02/09 07:45 PM
Sometimes I am quite amazed when a news service misses something important.

Did you know that one of the canditates for president in AFGANISTAN has an advisor from frmr Pres Clintons global group...

Whats up with that!?

cabot's photo
Sun 08/02/09 08:59 PM
Of course there will be new taxes...hidden or not. Taxes always increase. How much of the price of a gallon of gas is fed/state/local tax? More than you know.