GTA
Politics and Religion => Politics And Religion Discussion => : North Pack August 02, 2009, 11:44:06 PM
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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."
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The little tax-evading weasel. . .
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I'm not.He promised a chicken in every pot, but didn't say who'd pay for the chickens. I'm just waiting for more campaign promises to fall. Let's see if the media has anything to say about this.
Nathan
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Will H. not be making my car and mortgage payments either? Oh, say it ain't so! :(