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Giethner: "Lower deficit key to recovery"

Submitted by rustybuick on Sun, 08/02/2009 - 15:22
in
0 votes

duh.

http://www.yahoo.com/s/1109120

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That's what China told him and Obama

Submitted by Jim Brown on Sun, 08/02/2009 - 15:40.

Thomas Jefferson once said, "The natural progress of things is for liberty to yield and government to gain ground."

Well, I guess he called that one.

—

A Republic, If You Can Keep It

Here comes the PR for higher taxes

Submitted by truthsanityalways on Sun, 08/02/2009 - 15:40.

I noticed that these 2 are starting to be more seriously talked about at EXACTLY the same time.

1) No recovery without the deficit declining.
2) The government MAY extend the unemployment compensation.

Really, what they are saying is, 1) We NEED to raise taxes, you NEED to pay higher taxes, because the deficit NEEDS to be reduced for recovery to take place. 2) See, we're going to do something for the good of main street ... so work with us on the taxes thing.

Of course, no mention that they want to avoid the mass riots/unrest/protests/anger that will happen now that people are falling off the unemployment compensation rolls.

Yeah, I was gonna say.

Submitted by OneWorldMafia on Sun, 08/02/2009 - 15:45.

Looks like he's hinting at new taxes. That won't help a recovery. They must cut spending overseas, but he's saying if congress doesn't pass their health care plan, then we can't get the deficit under control. Will congress fall for it after they got burned with the bait and switch bailouts?