Free Markets, Free People

Daily Archives: August 2, 2009


Middle Class Tax? Knock, Knock – “Hello Out There!”

Read this carefully. This is from George Stephanopoulos:

To get the economy back on track, will President Barack Obama have to break his pledge not to raise taxes on 95 percent of Americans? In a “This Week” exclusive, Treasury Secretary Tim Geithner told me, “We’re going to have to do what’s necessary.”

Geithner was clear that he believes a key component of economic recovery is deficit reduction. When I gave him several opportunities to rule out a middle class tax hike, he wouldn’t do it.

“We have to bring these deficits down very dramatically,” Geithner told me. “And that’s going to require some very hard choices.”

“We will not get this economy back on track, recovery will be not strong and sustained, unless we convince the American people that we are going to have the will to bring these deficits down once recovery is firmly established,” he said.

For the gullible who believed their taxes weren’t going to go up “one dime”, Turbo Tax Tim is laying the ground work to prove your gullibility.

For those who never believed the “promise” to begin with, big surprise, right?

But the more important point is found in Geithner’s last sentence in the cite. In there he’s telling the public that they have to bear the cost of this administration’s profligacy. Because, you see, they spent your money (like the porkapalooza they called the “stimulus package”) like drunken sailors on shore leave and it is now up to you – the sober ones in this deal – to bail them out. But watch ‘em – they’re going to claim they saved the economy.

And now they’re ready to save the climate and fix your health care too.

Yes some very hard choices are going to have to be made – some adults are going to have to stand up to Timmy and the boys and say “no”.

~McQ

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