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Geithner Floats Obama’s Next Big Move: A Tax Hike on the Middle Class
CNS NEWS.com ^ | Monday, August 03, 2009 | By Terence P. Jeffrey, Editor-in-Chief

Posted on 08/03/2009 1:23:17 AM PDT by Cindy

(CNSNews.com) - Appearing on ABC’s “This Week with George Stephanopoulos” yesterday, Treasury Secretary Timothy Geithner floated President Obama’s next big move: a tax increase on middle-class Americans.

Geithner made it clear during the interview that the administration believes that new federal revenues are needed and he declined to rule out raising taxes on Americans earning less than $250,000 per year to get those revenues.

During the interview, host George Stephanopoulos pointed out to Geithner that the “Congressional Budget Office estimates that your budget will add $9 trillion to the national debt over the next decade.”

Stephanopoulos also noted that former Clinton Administration Deputy Treasury Secretary Roger Altman has said that a tax increase is needed.

“[I]independent analysts also say ... you're going to have to find new government revenues,” said Stephanopoulos. “The former deputy treasury secretary, Roger Altman, said: ‘It is no longer a matter of whether tax revenues must increase, but how.’ Is he right?”

Geither did not disagree with Altman.

(Excerpt) Read more at cnsnews.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: 111th; agenda; bhofascism; bhotaxincrease; bhotyranny; capandtrade; communism; democratcongress; democrats; economy; fascism; geithner; hopeychangemas; hopeychangey; impeachobama; irs; marxism; middleclass; obama; obamacare; socialism; taxes; taxhike; taxincrease; unemployment

1 posted on 08/03/2009 1:23:17 AM PDT by Cindy
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To: Cindy
"government revenues"

Ha! Revenues are what you get when you deliver a service or good. This band of thieves delivers neither.

2 posted on 08/03/2009 1:44:28 AM PDT by Gaffer
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To: Cindy
Gosh golly gee!!!

I bet nobody ever expected THAT to happen....

Is there any promise left that “The One” HASN'T broken?

3 posted on 08/03/2009 1:49:01 AM PDT by Ronin (It will be helpful if Geithner can show us some arithmetic.)
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To: Cindy
Just watch.

The next big media push will be the deficit. Something they have completely ignored since Obama was elected. No mention whatsoever of Zero's reckless spending and it's effect. Now it's time to lay the groundwork for Obama’s long planned tax increases.

I did a news search on liberal msn.com* and couldn't find a single story written this year posted on that site concerning the deficit. However during the Bush era this site shrieked incessantly about Bush's debt.

*Also did a search on homelessness and what do you know... This problem has apparently been completely eradicated by the Kenyan.

4 posted on 08/03/2009 1:50:26 AM PDT by vlad335
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To: Cindy; potlatch; devolve; ntnychik; MeekOneGOP

5 posted on 08/03/2009 1:54:03 AM PDT by PhilDragoo (Hussein: Islamo-Commie from Kenya)
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To: Ronin
"Is there any promise left that “The One” HASN'T broken?"

Well he said he would bring change and he did... For the worse!

6 posted on 08/03/2009 1:54:52 AM PDT by vlad335
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To: Cindy

Message to Geithner: Tar and feathers futures are way up.


7 posted on 08/03/2009 2:03:54 AM PDT by Truth29
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To: Cindy

The Envelope Please!

(RIP)

And the Captain Renault Award goes to...Timothy Geithner!


8 posted on 08/03/2009 2:21:06 AM PDT by bondjamesbond (Don't blame me... I voted for PALIN!)
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To: Cindy; All
From our friends at Free Dominion:


9 posted on 08/03/2009 2:21:40 AM PDT by backhoe (All across America, the Lights are going out...)
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To: backhoe

Yep.


10 posted on 08/03/2009 2:23:43 AM PDT by Cindy
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To: Cindy

Little by little, step by step, 0 and his merry band of criminals are determined to own the souls of all US citizens.


11 posted on 08/03/2009 2:29:02 AM PDT by freeangel ( (free speech is only good until someone else doesn't like what you say))
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To: Cindy
As with any Helen Thomas post...Ladies meet one of the worlds most beautiful men, People Magazine...



He will take your breath away....

12 posted on 08/03/2009 3:00:26 AM PDT by Dallas59 ("You know the one with the big ears? He might be yours, but he ain't my president.")
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To: Dallas59
Looks like one of the elves in The Lord of the Rings.
13 posted on 08/03/2009 3:06:36 AM PDT by Rummyfan (Iraq: it's not about Iraq anymore, it's about the USA!)
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To: Cindy

During the interview, host George Stephanopoulos pointed out to Geithner that the “Congressional Budget Office estimates that your budget will add $9 trillion to the national debt over the next decade.”

It took America over 230 years to reach its first 9 Trillion Dollars of debt.
Obama will duplicate that in 4 years.
Is that the change you voted for?


14 posted on 08/03/2009 3:29:15 AM PDT by SECURE AMERICA (Coming to You From the Front Lines of Occupied America)
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To: Dallas59

American Psycho Tax-Cheat-in-Chief

15 posted on 08/03/2009 3:48:44 AM PDT by Diogenesis ("Those who go below the surface do so at their peril" - Oscar Wilde)
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To: SECURE AMERICA

It is precisely the change the zerOids voted for.

Not even bankruptcy of the nation is going to change their minds about free everything at the expense of others, as long as there _are_ others. They are like the child who, being told there is no money in the family, says:”But can’t you just write a check?”

We have a majority (or near to it) working for the government and are approaching a plurality of those receiving transfer payments. I cannot imagine the reaction when the various sorts of checks stop appearing. The administration and congress and many governors can’t imagine it either. Therefore: taxes will rise.


16 posted on 08/03/2009 3:49:32 AM PDT by reformedliberal (Are we at high crimes or misdemeanors, yet?)
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To: Cindy

Geithner made it clear during the interview that the administration believes that new federal revenues are needed.NO stop the spending spree,Cut the waste,dump useless programs,remove head from a$$.


17 posted on 08/03/2009 3:58:25 AM PDT by Vaduz
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Comment #18 Removed by Moderator

To: Cindy

They figure they’re safe as long as the bottom 60% get a free ride.


19 posted on 08/03/2009 4:37:55 AM PDT by rbg81 (DRAIN THE SWAMP!!)
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To: Diogenesis

Tim’s got a face that not even his mother could trust.


20 posted on 08/03/2009 4:38:40 AM PDT by rbg81 (DRAIN THE SWAMP!!)
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To: Cindy

So a new generation gets to relearn what a study of history would have warned them about had we had history education in this country.

The Left always promises free stuff to the stupid suckers (”the little guy”) at the expense of the “wealthy” others. Before you know it, the economically greedy and jealous end up being taxed like those wealthy and successful people they wanted to shake down.

Not only that, but the middle class who fell for this economic jealousy scam will not qualify for any of the “free stuff” they sought for themselves. They will just pay for it. All this could have been known if we had real history education. Instead we get Leftist re-education and air-brushing.


21 posted on 08/03/2009 4:39:04 AM PDT by SaraJohnson
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To: Cindy
Like I said a bit too many times, if Geithner wants to face a Republican Congress in January 2011 after that tax hike....
22 posted on 08/03/2009 4:39:21 AM PDT by RayChuang88 (FairTax: America's economic cure)
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To: Cindy

PLUS....all those kids that voted for him are going to have to do 2 years of some kind of public service......INDENTURED SERVANTS! HAHAHAHAHAHH...it’s just what they deserve for voting for the creep....a huge debt and debtor’s prison.


23 posted on 08/03/2009 4:40:27 AM PDT by Ann Archy (Abortion....the Human Sacrifice to the god of Convenience.)
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To: Dallas59

Tim the TAX CHEAT SPEAKS!!


24 posted on 08/03/2009 4:41:20 AM PDT by Ann Archy (Abortion....the Human Sacrifice to the god of Convenience.)
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To: Ann Archy

Grab your wallets and your zippers, here comes TAX CHEAT Timmy & Bernanke the CROOK.


25 posted on 08/03/2009 4:46:18 AM PDT by crazyotto
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To: Cindy
Yes, because ObaMao’s followers have done so much “good” in such a short time, Americans will have to “invest” in their future, you know, for the “greater good”. But it will all come back in the form of great satisfaction, knowing that a great and selfish wrong has been undone and corrected. (Those evil excesses and wrongs from the past administration.)

And, by doing so, the Government will begin running so well and efficient, that it will actually save us money in the long run. Like Health Care, which will actually be so much cheaper, abundant, efficient and will prevent so many potential diseases due to regular health maintenance and superior care and technology.

And, don't forget, this will greatly increase the economic health of the country and actually greatly reduce the deficit. Why, it will even create a budget surplus and eliminate the debt much more quickly.

So, trust our Dear Leader and Emperor Obama. It will be an INVESTMENT in our future. And who else can better manage our money than this wonderful Government we now have! (Get ready for an explanation, very much like this one to come out very soon from the Marxist/National Socialist in Chief.) The SRM will devote an entire month of around the clock propaganda to get this tax increase through.

26 posted on 08/03/2009 4:57:40 AM PDT by PSYCHO-FREEP (Give me LIBERTY or give me an M-24A2!)
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To: Daisyjane69

Please watch the profanity.


27 posted on 08/03/2009 5:03:51 AM PDT by Admin Moderator
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To: rbg81

“They figure they’re safe as long as the bottom 60% get a free ride.”

And there you have it in the nutshell. These rotten bastards will “liberate” enough people from the bounds of taxation in order to ensure their votes while simultaneously robbing the remaining minority of hard working Americans blind.


28 posted on 08/03/2009 5:10:12 AM PDT by RU88 (Bow to no man)
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To: Cindy
Here is an idea to pay for health care. Cut every Federal Employee's pay, pension, benefits 10% adn get rid of half the Federal Holidays. That should cover it!

Μολὼν λάβε


29 posted on 08/03/2009 5:10:27 AM PDT by wastoute (translation of tag "Come and get them (bastards)" and the Scout Motto)
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To: Cindy

Ping for Liberty Page


30 posted on 08/03/2009 5:26:55 AM PDT by DHC-2 (my flags: http://www.jdlinn.com/liberty.html)
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To: Cindy

I would suggest Zero review George Bush’s statement about “No New Taxes”, and his run for reelection.


31 posted on 08/03/2009 5:57:08 AM PDT by chainsaw (If you think health care is expensive now, wait until you see what it costs when it's free! -- P.J..)
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To: backhoe

Beauty! Thx.


32 posted on 08/03/2009 6:43:13 AM PDT by Beloved Levinite (R.I.P. My Beautiful America - Land of the Free & Home of the Brave - 20 January 2009)
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To: Dallas59

He sporting a very unusual hairline. Bwahahahahah!


33 posted on 08/03/2009 6:45:09 AM PDT by Beloved Levinite (R.I.P. My Beautiful America - Land of the Free & Home of the Brave - 20 January 2009)
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To: Dallas59

He’s sporting a very *unusual* hairline. Hair Club for Men??Bwahahahahah!


34 posted on 08/03/2009 6:46:22 AM PDT by Beloved Levinite (R.I.P. My Beautiful America - Land of the Free & Home of the Brave - 20 January 2009)
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To: Cindy

Read My Lips, ONE TERM PRESIDENT!


35 posted on 08/03/2009 6:52:42 AM PDT by Bringbackthedraft (TR started the Bull Moose Party, maybe Palin can start the Moose Cow Party?)
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To: Cindy

bump


36 posted on 08/03/2009 6:56:12 AM PDT by Centurion2000 (Only feces and dead fish go with the flow.)
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To: Cindy

Yeppers. Here it comes. If I were not one of the people about to be royally screwed, I would laugh at the pain suffering.

This is really going to help our “recovery.”


37 posted on 08/03/2009 7:03:11 AM PDT by Little Ray (Do we have a Plan B?)
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To: Cindy

This is what it has been about all along. The ultimate in reparations. Make all (productive)white people into slaves to the underclasses.


38 posted on 08/03/2009 7:04:43 AM PDT by lady lawyer
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To: Truth29

We warned them—when you tax the rich—the folks in power make sure that all of the rest of us are listed as rich. A Democrat who doesn’t raise taxes hasn’t been around since that November day when JFK was shot. Expect more taxes to come until we are all in welfare. But, Hey! at least we will have healthcare! (how ever good it is).


39 posted on 08/03/2009 7:13:26 AM PDT by Forward the Light Brigade (Into the Jaws of H*ll)
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To: Cindy

Barry and company will go down in flames.....


40 posted on 08/03/2009 8:25:34 AM PDT by cranked
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To: Cindy

So who is surprised by this? Conservatives knew Obama was lying about the tax cut. Liberals NEVER cut taxes, they only increase them.


41 posted on 08/03/2009 11:13:41 AM PDT by driftless2 (for long term happiness, learn how to play the accordion)
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