Tuesday, August 4, 2009

an eloquent liar? OR read Obama's lips: "no new taxes" (on the middle class and working poor)...ahh, just kidding!

From the AP's Philip Elliott (hat tip: C-J)...

President Barack Obama's treasury secretary said Sunday 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....

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...

Another great idea from the economic geniuses running our country: higher taxes as a recession may be coming to an end. (And this ignores the other proposals to increase payroll taxes.)

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