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Treasury Secretary Makes Case for Higher Taxes
Semi-News/Semi-Satire | 25 June 2011 | John Semmens

Posted on 06/25/2011 1:20:03 PM PDT by John Semmens

In testimony before a House of Representatives Committee, Treasury Secretary Timothy Geithner argued that higher taxes are needed “to forestall a potentially disastrous shrinkage of government.”

Representative Renee Ellmers (R-NC) challenged Geithner’s assertion pointing out that “government spending in this country now consumes almost two-thirds of the income generated by the private sector—the most ever in our history. This is hardly a shrinkage of government.”

“I didn’t say government was shrinking,” Geithner replied. “I was warning that it could shrink if we don’t find more revenue to feed it. A lot of people don’t understand that government is the crucial entity in our society. Unless it has the resources it needs to channel behavior toward socially beneficial purposes there’ll be no direction for our economy. My point is, why let the nation’s dwindling resources be squandered by an anarchic private sector when we can salvage them for the public good through targeted tax hikes?”

The fact that the most anarchic sphere of the private sector—small businesses—accounts for more than 60% of the job creation failed to sway Geithner. “Small businesses only create these jobs because they have the money,” Geithner pointed out. “If the government taxed that money away these businesses wouldn’t be creating those jobs, government would. And they’d be better jobs with higher pay and more growth potential.”

In related news, President Obama went to Pittsburgh to pitch his new “Advanced Manufacturing Partnership” program. “Under this program, government and businesses will work together for a better America,” Obama said. “The self-serving quest for profit will be supplanted by a coordinated plan for national renewal. Private greed will give way to serving public need. It’s a model for a transformed way of life for this country.”


TOPICS: Business/Economy; Government; Humor; Politics
KEYWORDS: craptire; jobs; satire; socialism; stupid; taxes; wasteoftime

1 posted on 06/25/2011 1:20:04 PM PDT by John Semmens
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To: John Semmens

Turbo Tax Timmy is an expert when it comes to taxes. sarc/


2 posted on 06/25/2011 1:22:41 PM PDT by FlingWingFlyer (When the going gets tough, the tough check themselves into "rehab".)
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To: John Semmens

Pathetic, these losers and tax cheats want us to pay more. They will all be run out of town once Obama loses the election. They never ONCE tried to reduce the billions and billions they’ve awarded or paid off their slimy friends. America needs an enema to rid ourselves of all those Democrats. Drill now and cut off all the entitlements!


3 posted on 06/25/2011 1:24:02 PM PDT by Rockiette (Democrats are not intelligent)
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To: Rockiette

These clowns are not drilling for oil! Zero and Micro Econ Tim are drilling for 2012 votes by depleting our strategic reserves. Tim has no idea what national income accounting is. If he does-he dismisses macro econ for micro.


4 posted on 06/25/2011 1:34:46 PM PDT by Lumper20 (state)
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To: John Semmens
"Geithner pointed out. “If the government taxed that money away these businesses wouldn’t be creating those jobs, government would. And they’d be better jobs with higher pay and more growth potential.”

Hey Geithner! Wake up! It was already tried and it failed in the old Soviet Union. What you don't tell us is that the money coming into the public sector seems find a way into the bank accounts of money scheming politicians. That is why the Soviet system collapsed. That money has to create increased value for the system to work.

5 posted on 06/25/2011 1:37:24 PM PDT by jonrick46 (2012 can't come soon enough.)
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To: John Semmens
...Treasury Secretary Timothy Geithner argued that higher taxes are needed “to forestall a potentially disastrous shrinkage of government.

What this stupid, asshole, incompatent, tax cheat doesn't realize is that's exactly what the majority of Americans want. WADDAJERK!!

6 posted on 06/25/2011 1:41:28 PM PDT by GoldenPup
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To: John Semmens

Geithner pointed out. “If the government taxed that money away these businesses wouldn’t be creating those jobs, government would. And they’d be better jobs with higher pay and more growth potential.”

In order for a job to build up a nation, the person has to be providing a good or service. Government jobs are a net loss to society.


7 posted on 06/25/2011 1:43:17 PM PDT by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: John Semmens

ALMOST — man, that was too close to truth, this time Friend!


8 posted on 06/25/2011 1:45:45 PM PDT by freedumb2003 (Herman Cain 2012)
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To: freedomfiter2

In order for a job to build up a nation, the person has to be providing a good or service. Government jobs are a net loss to society.

I think that is lost on liberals. It’s pretty easy economics but they can’t connect the dots.


9 posted on 06/25/2011 1:49:38 PM PDT by BipolarBob (Yes I backed over the vampire but I swear I didn't see him in the rearview mirror.)
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To: John Semmens
I was warning that it could shrink if we don’t find more revenue to feed it.

A lot of people don’t understand that government is the crucial entity in our society.

Unless it has the resources it needs to channel behavior toward socially beneficial purposes there’ll be no direction for our economy.

The only directing for the economy under 0bambi is DOWN..

Hey Geithner...if this is so important...why did you tax cheat and pay less?....hypocrite

10 posted on 06/25/2011 1:50:22 PM PDT by spokeshave (Obamas approval ratings are so low, Kenyans are accusing him of being born in the USA.)
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To: John Semmens

Another great satire piece.

I was in the middle of the third paragraph before I looked up to see the source.

Even though Geithner and the Obama admin haven’t used those ‘exact words’, the content of what they are saying is the same and your satire piece.


11 posted on 06/25/2011 1:54:27 PM PDT by UCANSEE2 (Lame and ill-informed post)
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To: John Semmens

OOPS.

...what they are saying is the same AS your satire piece.


12 posted on 06/25/2011 1:55:15 PM PDT by UCANSEE2 (Lame and ill-informed post)
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To: John Semmens
“I didn’t say government was shrinking,” Geithner replied. “I was warning that it could shrink if we don’t find more revenue to feed it. A lot of people don’t understand that government is the crucial entity in our society.

I would like a Z06 Corvette sitting in my driveway. That's right, I can't afford it. I guess I'll stay with my grocery getter. Oh well.

13 posted on 06/25/2011 1:56:15 PM PDT by He Rides A White Horse ((unite))
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To: John Semmens

Satire or not, I want the ‘Vette.


14 posted on 06/25/2011 1:57:25 PM PDT by He Rides A White Horse ((unite))
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To: John Semmens
Good one. Now if only I could turn your satire into fish bait I would be rich...


15 posted on 06/25/2011 2:21:01 PM PDT by darkwing104 (Lets get dangerous)
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To: John Semmens

At least Geithner gets it. Except that is exactly the thing we’re trying to do is shrink the freaking government over-reach into our lives. He doesn’t get that part and thinks everybody likes big government.


16 posted on 06/25/2011 2:33:04 PM PDT by RowdyFFC
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To: John Semmens

Damn....almost got me this time.


17 posted on 06/25/2011 2:39:52 PM PDT by ErnBatavia (It's not the Obama Administration....it's the "Obama Regime".)
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To: John Semmens

Sometimes shrinkage ISN’T a good thing. Paging George Costanza!


18 posted on 06/26/2011 6:24:36 AM PDT by tal hajus (ever the cynic)
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