White House: No guarantee taxes won't go up

[rockdawg21]

WELL DUH!!!!!!!!!!!!!! How else do they expect to pay for a 700+ billion dollar bailout for bum ass companies who didn't deserve it?

All these f'ing idiots who voted for Obama, I hope they lose their f'ing houses and can't send their kids to college. This is just what they asked for when they decided to vote for this prick! I mean seriously, how did they NOT see this coming?

http://www.msnbc.msn.com/id/32260411...cs-white_house

White House: No guarantee taxes won't go up
Budget deficit needs to be tamed and health reform paid for, officials say

updated 2:35 p.m. CT, Sun., Aug 2, 2009

WASHINGTON - President Barack Obama's treasury secretary on Sunday said he cannot rule out higher taxes to help tame an exploding budget deficit and his chief economic adviser would not dismiss raising them on middle-class Americans as part of a health care overhaul.

As the White House sought to balance campaign rhetoric with governing, officials appeared willing to extend unemployment benefits. With former Federal Reserve Chairman Alan Greenspan saying he is "pretty sure we've already seen the bottom" of the recession, Obama aides sought to defend the economic stimulus and calm a jittery public.

Treasury Secretary Timothy Geithner and National Economic Council Director Larry 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 lower the federal deficit; Summers said Obama's proposed health care overhaul needs funding from somewhere.

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

'We have to bring those deficits down'
During his presidential campaign, Obama repeatedly vowed "you will not see any of your taxes increase one single dime." But the simple reality remains that his ambitious overhaul of how Americans receive health care — promised without increasing the federal deficit — must be paid for.

"If we want an economy that's going to grow in the future, people have to understand we have to bring those deficits down. And it's going to be difficult, hard for us to do. And the path to that is through health care reform," Geithner said. "We're not at the point yet where we're going to make a judgment about what it's going to take."

Selling that proposal, however, has proved tricky

"Most private forecasters — and let's use their judgment — suggest you're going to see unemployment start to come down maybe beginning in the second half of next year," Geithner said, adding those same economists predict positive growth during the second half of this year.

At the same time, Geithner and other administration officials are contemplating how to ask Congress to extend — again — unemployment benefits for the millions of Americans who have lost their jobs in recent months. The proposal drew measured support from Sen. Jim DeMint, R-S.C.

"We need to take care of those who are unemployed, but we also need to make sure they get jobs," he said.

'We were teetering for a while'
Those jobs, though, are still elusive. Greenspan said the economy is slowly coming back.

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

Greenspan said he doesn't think the Federal Reserve should be considering raising interest rates to ward off inflation, although he added that the Fed will have to rein in credit and raise rates at some point.

Obama's opponent for the presidency, Sen. John McCain, questioned whether the administration's actions will prove beneficial for the country.

"I think it's pretty clear, if you pump trillions of dollars into the economy, you will see some recovery," the Arizona Republican said while giving Obama credit for the improvement. "But the long-term consequences, I think, are going to be, unfortunately, devastating unless we do something about it."

Geithner and Greenspan appeared on ABC's "This Week." Summers appeared on NBC's "Meet the Press" and CBS's "Face the Nation." DeMint was interviewed on "Fox News Sunday." McCain spoke with CNN's "State of the Union."

[Play The Man]

I figured it would happen, but I didn't figure it would happen this soon

I would be pleasantly surprised if they didn't raise Taxes!

Only thing certain in this life, death and taxes ...

I wonder what the increase will be and on what.

[NateR]

Yet another Obama campaign promise that proved to be a bold-faced lie. Big surprise. Of course, he'll just blame it all on George W. Bush and the all the brainwashed morons who still support him will actually believe it.

[Vizion]

Originally Posted by NateR

Yet another Obama campaign promise that proved to be a bold-faced lie. Big surprise. Of course, he'll just blame it all on George W. Bush and the all the brainwashed morons who still support him will actually believe it.

yep...pretty much...

Originally Posted by rockdawg21

All these f'ing idiots who voted for Obama, I hope they lose their f'ing houses and can't send their kids to college.

wow, you sound like such an intelligent, well spoken and mature individual. in fact i think you qualify to be a regular panel guest on nancy grace.


anyways, if taxes do go up in the future, then obama will have lied. he set himself up. but i am more concerned about a president who is doing the right things to get us out of this mess rather than doing the wrong things to get us into this mess like the former presidents did. obama is not perfect but i respect the fact that he is at least acknowledging the problem and taking the right steps to turn this mess around. georges bush ignored the problem and did nothing to help turn the mess around, in his 8 years as president he helped to dig us deeper into it than any president before him. at the end of obama's 4 or 8 year reign i doubt the same will be said about him. in fact i bet at the end of his 4 or 8 year term the state of the economy will be better than what it is now because of the things he did to help us get out of this mess that the former presidents created over the past years and years.

[VCURamFan]

Just as a side note, I've found it extremely interesting this how whenever something positive happens it's "Obama this" "Obama that", yet when bad news comes out, like this article, it's attributed to "The White House", as though that's somehow not associated with His Emminence.

[NateR]

Originally Posted by que

wow, you sound like such an intelligent, well spoken and mature individual. in fact i think you qualify to be a regular panel guest on nancy grace.


anyways, if taxes do go up in the future, then obama will have lied. he set himself up. but i am more concerned about a president who is doing the right things to get us out of this mess rather than doing the wrong things to get us into this mess like the former presidents did. obama is not perfect but i respect the fact that he is at least acknowledging the problem and taking the right steps to turn this mess around. georges bush ignored the problem and did nothing to help turn the mess around, in his 8 years as president he helped to dig us deeper into it than any president before him. at the end of obama's 4 or 8 year reign i doubt the same will be said about him. in fact i bet at the end of his 4 or 8 year term the state of the economy will be better than what it is now because of the things he did to help us get out of this mess that the former presidents created over the past years and years.

I think history will show that Obama is doing everything wrong and will only make the situation exponentially worse. Try to put down your Kool-Aid for just a few minutes and you will see that every nation who has ever tried to spend their way out of a recession has failed. It's not going to work. That's already been proven.