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Posted: 8/3/2009 4:08:11 AM EST
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.

"There is a lot that can happen over time," Summers said, adding that the administration believes "it is never a good idea to absolutely rule things out, no matter what."





Link Posted: 8/3/2009 4:14:20 AM EST
UNPOSSIBLE.
Link Posted: 8/3/2009 4:15:21 AM EST
But, but, but, but, The One said he would not do that!
Link Posted: 8/3/2009 4:22:11 AM EST
He said a lot of things would not happen that I am afraid will come to pass....
Originally Posted By skygod:
But, but, but, but, The One said he would not do that!


Link Posted: 8/3/2009 4:22:18 AM EST
Not if we tax the rich an extra 2%

Link Posted: 8/3/2009 4:25:47 AM EST
[Last Edit: 8/3/2009 4:26:20 AM EST by MTUSA]
$250k or less...


The love affair will continue
Link Posted: 8/3/2009 4:30:14 AM EST
But it's OK, because the Messiah said it is needed to help the lazy who don't want to work.
Link Posted: 8/3/2009 4:31:56 AM EST
well that wasn't predictable.
Link Posted: 8/3/2009 4:32:03 AM EST
"There is a lot that can happen over time," Summers said, adding that the administration believes "it is never a good idea to absolutely rule things out, no matter what."


I don't know about that. I'm sure they've ruled out across the board Tax Cuts, absolutely, no matter what.
Link Posted: 8/3/2009 4:32:26 AM EST
Duh.
Link Posted: 8/3/2009 4:34:14 AM EST
[Last Edit: 8/3/2009 4:34:52 AM EST by WAMJR]
This was encouraging....

Those jobs, though, are still elusive. Former Federal Reserve Chairman Alan Greenspan said the economy is slowly coming back and that he is "pretty sure we've already seen the bottom."

"Collapse, I think, is now off the table. We were teetering for a while," he said.

Link Posted: 8/3/2009 4:35:12 AM EST
Did everyone really think they would get a trillion plus just by taxing the rich man another couple % or that China would twiddle their thumbs and let us print another trillion dollars?

The class is going to find out that the ice cream isn't free after all...
Link Posted: 8/3/2009 4:36:08 AM EST

Originally Posted By WAMJR:
This was encouraging....

Those jobs, though, are still elusive. Former Federal Reserve Chairman Alan Greenspan said the economy is slowly coming back and that he is "pretty sure we've already seen the bottom."

"Collapse, I think, is now off the table. We were teetering for a while," he said.


Bullshit - they've just delayed the inevitable...trillions more spent with NO fucking hopes to ever recover it.
Link Posted: 8/3/2009 4:48:20 AM EST
Yeah Obama thought he's pump money into the economy, get us in debt, and it wouldn't be a problem. Soon his chickens are going to come home to roost and the long legged mac daddy thinks socking it to the middle class is the answer. What's really sad is some people I've talked to actually believe just because the president and his goons do these things there is actually a good reason otherwise it wouildn't be done.
Link Posted: 8/3/2009 4:48:23 AM EST
So they are going to raise my taxes to make health care more affordable?

Talk about robbing Peter to pay Paul.

Doublespeak at its best.
Link Posted: 8/3/2009 4:52:26 AM EST
This from the same administration that a month ago stated that it misread how bad the recession was.

Yeah, I'm just waiting for them to say "Oops, sorry, we were wrong again but it's all Bush's fault!" in six months.
Link Posted: 8/3/2009 4:52:31 AM EST
I`ve always found that borrowing money and decreasing my productivity has been a winner.
Link Posted: 8/3/2009 4:55:00 AM EST

One more paving stone on the road to sucession.
Link Posted: 8/3/2009 4:56:21 AM EST
OH my suprised face
Link Posted: 8/3/2009 4:57:27 AM EST
If anything, don't call it a tax increase, call it a pay decrease. You'll be working longer just to keep up, and all this is so some low life motherfucker can sit on their ass, do nothing, and vote for obama.
Link Posted: 8/3/2009 4:58:41 AM EST
Like we couldn't see this coming....
Link Posted: 8/3/2009 4:59:01 AM EST
All aboard the fail train.................
Link Posted: 8/3/2009 5:01:25 AM EST
Originally Posted By bac15:
OH my suprised face


Link Posted: 8/3/2009 5:02:08 AM EST
We have a rabid Obama suporter in our office. I just put a bottle of KY on his desk with a print out of this story.
Link Posted: 8/3/2009 5:05:04 AM EST
Originally Posted By Kbear:
We have a rabid Obama suporter in our office. I just put a bottle of KY on his desk with a print out of this story.




awesome...
Link Posted: 8/3/2009 5:05:14 AM EST
Originally Posted By APBullet:
Yeah Obama thought he's pump money into the economy, get us in debt, and it wouldn't be a problem. Soon his chickens are going to come home to roost and the long legged mac daddy thinks socking it to the middle class is the answer. What's really sad is some people I've talked to actually believe just because the president and his goons do these things there is actually a good reason otherwise it wouildn't be done.



Is that you Jerimiah?
Link Posted: 8/3/2009 5:12:38 AM EST
Look, I'm not like the government who can print money whenever they need it - so how in the fuck am I supposed to pay more taxes?

I know, let's raise my taxes more (because local taxes haven't risen for most of us already right?) so that I can lower my quality of living even more.

Then again, where do they expect me to pull this money from? My ass? Because I don't fucking have any more for taxes.
Link Posted: 8/3/2009 5:13:24 AM EST
There it is.... the first trial balloon, floated to see if anyone is paying attention.
Link Posted: 8/3/2009 5:17:52 AM EST
2010 can't come any sooner
Link Posted: 8/3/2009 5:21:19 AM EST
Originally Posted By Chaingun:
2010 can't come any sooner


2010 won't matter at this point
Link Posted: 8/3/2009 5:28:34 AM EST
Originally Posted By Kbear:
We have a rabid Obama suporter in our office. I just put a bottle of KY on his desk with a print out of this story.


The only thing with that is a lot of those retard Obongo supporters actually want to pay more taxes.
I know one, everytime I hear him say we don't pay enough taxes I want to go medieval on him.
Link Posted: 8/3/2009 5:36:05 AM EST
Note it is taxes. Income Tax, employment tax, and energy taxes will all rise - before Income Tax was sacred and he was only aiming at the other 2.
Link Posted: 8/3/2009 5:52:53 AM EST
Link Posted: 8/3/2009 5:59:16 AM EST
I'm just about to tell the wife we need to quit our jobs.

Fuck it. Between all the sales taxes, state taxes, user fees, service fees, food taxes, federal income taxes, state income taxes, and all the other hands digging in my wallet we don't get shit to show for it.

I'm tired of paying for everybody else that doesn't work or feels like riding on someone else's labor.
Link Posted: 8/3/2009 6:03:56 AM EST
Link Posted: 8/3/2009 6:04:48 AM EST
Link Posted: 8/3/2009 6:17:59 AM EST
Obama lied. In other news, water is wet.

Link Posted: 8/3/2009 6:23:02 AM EST
Originally Posted By Texkaw:
Originally Posted By Kbear:
We have a rabid Obama suporter in our office. I just put a bottle of KY on his desk with a print out of this story.


The only thing with that is a lot of those retard Obongo supporters actually want to pay more taxes.
I know one, everytime I hear him say we don't pay enough taxes I want to go medieval on him.


Holyshit our Obongo suporter went ape shit. He launched the KY across the office and threatened to "sue" if he found out who did it. Me and the other are rolling on the floor laughing. The only female in the office today just put some Midol on his desk. I need to get a camera asap.

Link Posted: 8/3/2009 6:28:40 AM EST
Haha!!
Originally Posted By Kbear:
Originally Posted By Texkaw:
Originally Posted By Kbear:
We have a rabid Obama suporter in our office. I just put a bottle of KY on his desk with a print out of this story.


The only thing with that is a lot of those retard Obongo supporters actually want to pay more taxes.
I know one, everytime I hear him say we don't pay enough taxes I want to go medieval on him.


Holyshit our Obongo suporter went ape shit. He launched the KY across the office and threatened to "sue" if he found out who did it. Me and the other are rolling on the floor laughing. The only female in the office today just put some Midol on his desk. I need to get a camera asap.



Link Posted: 8/3/2009 6:39:44 AM EST
Republican legislators need to introduce legislation that:

A. makes it a criminal offence, felony, to raise taxes on the bottom 95%, taxes of any kind. Punishment should be a year in prison for every person in the bottom 95% who paid any increased taxes per year those taxes remain in effect. (If 100 million bottom 95% people had their taxes raised for three years the prison term would be 300 million years. There could be 300 million individual trials for each such legislator.)

B. makes it a civil offence to raise taxes on the bottom 95%, such that anybody who: introduces, votes for such tax raising legislation, works for such legislators, volunteers for such legislators, supports such legislation, lobby's for such legislation or legislators, votes for such legislators, contributes money to such legislators, writes or produces commercials or does poling for such legislators, etc has to pay for the full amount of those taxes and has to reimburse anyone from the bottom 95% who has paid any such taxes (with a keep whole provision such that the reimbursement includes compensation for any taxes, income taxes, expenses, etc. at the highest marginal tax rate).

It won't pass but it needs to be before the public big time.

Legislators, and their support needs to have their feet held to the fire if they violate campaign promises.
Link Posted: 8/3/2009 7:28:18 AM EST
Friends and I were debating about what the tax levels would have to get to in order to create massive non-payment and cival unrest. I guess now we should have passed out our numbers on slips so we can all watch the news and find out who wins.
Link Posted: 8/3/2009 7:29:34 AM EST
And once again, the Goobermint grows larger by the minute.
Link Posted: 8/3/2009 7:32:32 AM EST

Originally Posted By thebeekeeper1:
Originally Posted By bytor94:
I'm just about to tell the wife we need to quit our jobs.

Fuck it. Between all the sales taxes, state taxes, user fees, service fees, food taxes, federal income taxes, state income taxes, and all the other hands digging in my wallet we don't get shit to show for it.

I'm tired of paying for everybody else that doesn't work or feels like riding on someone else's labor.


+1

If you can't beat 'em––join 'em.


Some of us are considering employment that pays cash under the table...
Link Posted: 8/3/2009 7:32:52 AM EST
So, as it stands now I pay literally double my mortgage payment per month in taxes. Fuck it, raise em some more.
Link Posted: 8/3/2009 7:35:54 AM EST
Originally Posted By Mcboogles:
So, as it stands now I pay literally double my mortgage payment per month in taxes. Fuck it, raise em some more.


ditto
Link Posted: 8/3/2009 7:52:50 AM EST
one by one ...... links in a chain that bind you. If you have not seen this movie please do so...
Link Posted: 8/3/2009 9:26:26 AM EST
[Last Edit: 8/3/2009 9:26:58 AM EST by bytor94]
The spin is going on right now.

SPIN, SPIN, SPIN.

http://www.foxnews.com/politics/2009/08/03/white-house-obama-committed-shielding-middle-class-tax-hike/

White House Says No New Taxes for Middle Class

The White House dismisses as "hypothetical back and forth" suggestions by top economic advisers Sunday that middle-class families could see a tax hike.


President Obama is committed to making sure middle class families do not see a tax increase, White House Press Secretary Robert Gibbs said Monday, after two top economic officials seemed to leave the door open to such a tax hike.

"The president's clear commitment is not to raise taxes on those making less than $250,000 a year," Gibbs said, repeating Obama's pledge from the presidential campaign.

That was after Treasury Secretary Tim Geithner suggested Sunday that taxes increases are inevitable.

"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," 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."

National Economic Council President Larry Summers also did not rule out future increases on CBS' "Face the Nation."

Gibbs, though, dismissed the comments as part of a "hypothetical back and forth" that Geithner and Summers allowed themselves to engage in.

"Promising that everybody's going to be on message may be a bar that's too high for me to leap over," Gibbs said.

Peppered with reporters' questions on the topic, he repeatedly said that despite the Sunday comments the president has been "clear" that he intends to shield middle-class families from a tax hike.

"I am reiterating the president's clear commitment in the clearest terms possible that he's not raising taxes on those who make less than $250,000 a year," he said.

But some Republicans contend Obama already has broken his pledge not to raise taxes on the middle class.

Republicans on the tax-writing House Ways and Means Committee on Monday released a list of six programs and proposals they claim would raise taxes on the middle class –– including the tobacco tax hike and proposals to include coverage mandates in health care reform legislation.

"After only six months as president, (Obama) and congressional Democrats have repeatedly violated this pledge" not to raise taxes on middle-class families, Republicans said in a memo.

The discussion over future tax increases comes as the deficit is expected to hit $1.8 trillion next year. With spending still planned for a $1 trillion, 10-year health care reform plan, officials say something will have to be done to keep the deficit and national debt from growing wider.

Gibbs said Obama is committed to cutting wasteful spending to help achieve that goal.








Link Posted: 8/3/2009 9:29:05 AM EST
First day, they float the trial balloon, then backtrack the next day.

They're not even half-way clever about their BS.

HH
Link Posted: 8/3/2009 9:32:42 AM EST
Socialist utopian dreams, meet reality.
Link Posted: 8/3/2009 9:33:17 AM EST
If I have to pay extra taxes to support a scumbag's health benefits I should be allowed to drive down to the welfare office and punch some random asshole in the throat once a month.



Link Posted: 8/3/2009 9:34:22 AM EST
Originally Posted By MrMojoRising:
If I have to pay extra taxes to support a scumbag's health benefits I should be allowed to drive down to the welfare office and punch some random asshole in the throat once a month.





I like the way you think. Are you planning on running for office any time soon?
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