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Sunday, August 2, 2009

Geithner says they're going to raise taxes on the middle class

Since anyone making over $24k per year with a family of four is part of "the evil rich" then I guess this will hit everyone making over $8k per year.

Here is your link.

From the article:
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.”
"We're going to have to do what's necessary" is a scary thing we've heard before in foreign countries, usually right before serious pain begins.

Here is a good one:
Geithner was clear that he believes a key component of economic recovery is deficit reduction.
That's a laugh. Or maybe this administration doesn't want an economic recovery. They seem to be doing everything they can to prevent it so I have to wonder.
“We have to bring these deficits down very dramatically,” Geithner told me. “And that’s going to require some very hard choices.”
Just about everyone in this nation right now is making hard choices that generally consist of cutting spending. Only in the White House and the democrat leadership in congress does the hard choice entail spending more.

I truly felt hope when I saw this:
But, he underlined that the administration is “going to do what is necessary to bring growth back on track.”
You mean the President is going to resign? That is fantastic!!

Here is more proof that these clowns have a very limited relation with reality:
"Everybody understands that we cannot have our financial system go back to the practices that brought this economy to the brink of collapse," he told me. "It is going to take fundamental reform."
Since the federal government CAUSED the current crisis I guess the logical thing to do would be to get the federal government out of the economy. That would be a fundamental reform. Somehow, though, I think the reforms he wants are the kind that involve more government interference which leads to more crisis, which leads to even more government interference.

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