Obama officials can't guarantee middle-class Americans won't see tax hike

Aug 27, 2002
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(Well here's a real surprise for those of us not stupid enough to fall for Obama's campaign rhetoric :rolleyes: )

2 Obama officials: No guarantee taxes won't go up


WASHINGTON (AP) -- 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. 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," Summers said, adding that the administration believes "it is never a good idea to absolutely rule things out, no matter what."

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.

On Friday, the government released a report that suggested the worst recession in the United States since World War II appears on the verge of ending. The economy dipped only slightly in the second quarter of this year -- falling at a 1 percent annual pace, better than expected.

The president cautioned against instant turnaround, though.

"Well, as I've said, I think we maybe are beginning to see the end of the recession, but it's still going to be some time before we are seeing companies hiring again. That's usually the last thing that happens," Obama said in an interview with Univision that aired on Sunday.

"So I think we are still going to have a tough remainder of the year -- probably until next year -- but, you know, at least what we are seeing -- we've pulled back from the possibility of a depression. That's not the danger."

Many analysts think the economy is starting to grow again in the current quarter, setting up a long-awaited recovery.

"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., as long as the benefits are drawn from the already approved economic stimulus package.

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

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."

http://finance.yahoo.com/news/2-Obama-officials-No-apf-2491158742.html?x=0&.v=7
 

wanderer109

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I hope that folks have begun to see through the baloney and that House members return with burning ears and with fire in their hearts <assuming they possess such organs, but that's another story> to get rid of the current health care scam and actually deal with the problems besetting the current system, ie. costs of malpractice insurance, dropping people when they develop a very serious illness etc.
Oh yeah Bill Maher is a smarmy prick who once described men who fly planes into buildings as brave men and men who fight at long distance with standoff weapons , that is the US military, as cowards. I repeat Maher is a smarmy worthless, unfunny cocksucking prick. If my emphasis is unclear I will be glad to expand.
 

mcmerlin

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Obama rocks,quit being so damn afraid of catching up to the rest of the world. It's not cool to want the US lagging behind. :D
 

crushed1

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Obama renews Vvow: No Middle Class Tax increase

http://www.nytimes.com/2009/08/04/us/politics/04obama.html?_r=1

New Your Times, 3Aug-2009

".....Mr. Obama told his economic team in a meeting at the White House that he intended to stand by his promise not to increase taxes on families making less than $250,000, aides said. He then sent his spokesman out to repeat that message in front of the television cameras.

'The president made a commitment in the campaign. He’s clear about that commitment, and he’s going to keep it,' said Robert Gibbs, the White House press secretary."


Now that seems pretty clear - even if he hasn't done the tremendously stupid president trick of saying "read my lips, no new taxes."
 

mcmerlin

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I would be eager to take issue with merlin if ......blablabla...

♫ Oh well I'm the type of guy who will never settle down ♫.

♫They call me the wanderer yeah the wanderer

I roam around around around...♫
[YT]5m6lymJy57E[/YT]
You again :D

Hint, you folks pay a ridiculous amount of taxes compared to us.
 

wanderer109

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But for our taxes we get among many other benefits a military that is not afraid to leave the barracks at night unlike your socialist selves. It is actually disgusting to see how the socialist ethos has emasculated a once powerful and valiant military.
 

mcmerlin

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But for our taxes we get among many other benefits a military that is not afraid to leave the barracks at night unlike your socialist selves.
It seems your sources can't provide you with such minor details, please fap
at 02:50 min. my germanophile friend :)
[YT]A_D4VRnIAbw[/YT]


It is actually disgusting to see how the socialist ethos has emasculated a once powerful and valiant military.
Yes sadly,but that's due to the fact that I left the Bundeswehr some years ago.:)

Although, I found the life of a soldier rather dull, I must say it did have its upsides. We had these very snazzy uniforms and the marching, I dare say, was the finest I have ever witnessed. Of course, the aforementioned marching was mostly conducted by a special part of our unit, but I was nonetheless quite pleased with their performance.:D

However the descision to leave our army had nothing to do with favouring some socialist ideas.
Also the idea to fight as auxiliary force out of area for US interests
or wackos like your former president is more common to the Brits or Canadians today.The last time we contributed such kind of troops, we got at least some gold from King Georg for fighting American insurgents .But ok Gordon Brown got a nice DVD collection from Obama for sacrificing troops on the altar of American favour in Iraq.

Iraq was a financial disaster for the US, and the Afghanistan war has recently been made much bigger than it needed to be.And still nobody not even the "Hawks" in Washington will do anything about Pakistan or Saudi Arabia.

Btw.I am just reading that Bill "Blowjob" Clinton( democrat) could free two US journalist without firing a single bullet, nice eh?
 

wanderer109

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The deal over the journalists was done behind the scenes. Bill's appearance was atmospheric only.
Hahaha Hessians fighting for King George captured in their entirety on Christmas Eve, drunk, of course.
If the German government sent its troops into a war zone with orders not to fight it would have been better for them to stay home and practice their goose stepping.
 
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The deal over the journalists was done behind the scenes. Bill's appearance was atmospheric only.
Hahaha Hessians fighting for King George captured in their entirety on Christmas Eve, drunk, of course.
yeah, but to be fair so were the british soldiers at the same post - the U.S. was the first country outside ottomanni control that didn't include a beer ration for it's troops.

the average british soldier from hastings to dunkirk was alloted two gallons of beer per day - and expected to drink it!
 

wanderer109

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The British soldiers from Hastings to Dunkirk were among the fiercest warriors in the world. Dunkirk should have been a gigantic disaster for the British, but the panzer regiments were withheld.
Nowdays they would only have to wait for night time to escape the beach while the Germans lay drunk in their foxholes.
 
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The British soldiers from Hastings to Dunkirk were among the fiercest warriors in the world. Dunkirk should have been a gigantic disaster for the British, but the panzer regiments were withheld.
Nowdays they would only have to wait for night time to escape the beach while the Germans lay drunk in their foxholes.
yeah, then remember this: those "fiercest warriors in the world" called on just one nation for any job they considered "impossible": the canadians. we EARNED the title "shock troops of the empire", and if they held us in that much esteem...

italy, sicily, normandy, the scheldt estuary - in fact, by ALL accounts, including the american ground forces commander, the canadians were the ONLY allied force to secure ALL of our d-day objectives.

as well, during the battle of dunkirk, we were actually ADVANCING on german positions when the call to evacuate went out - if we had been allowed to stay behind, we would've slowed the panzer divisions more then enough to get the imperials out.
 
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One of us has missed the point I was belaboring the Germans and have nothing but praise for the Canadians. Of course Dieppe might have gone better
1. yeah, it could've gone better, but dieppe did learn us a bunch of things - not the least of which was showing the british just exactly how the german radar system worked.

also would've helped if the german regiment posted there wasn't in the middle of live-fire exercises when the raid happened. really sucks when you try to surprise an opponent, only to find his surprise is that he happens to be ready for an assault he wasn't planning planning on recieving.

my point, about the hessains, is that they weren't the only force drunk that day, and it wasn't uncommon for british soldiers to be on duty or in the barracks a little tipsy from the beer.

if you want to make a better point, how about the fact the american forces pummeled us without SHOES, let alone proper supplies? :)
 

mcmerlin

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Hahaha Hessians fighting for King George captured in their entirety on Christmas Eve, drunk, of course.
...a once powerful and valiant military.
Seems he is contradicting his own point again :eyebrows:

If the German government sent its troops into a war zone with orders not to fight it would have been better for them to stay home and practice their goose stepping.
God will you please look up some facts.
First we contribute to ISAF authorized by the UNSC to support the Afghan Gov. and not to OEF in Afghanistan .We Germans know about the insatiable thirst of U.S. presidents for auxiliary troops, but sry you don't get them because we don't accept a status as auxiliary troops pool for U.S. presidential adventures.Even the Canadians want to pull out their troops in the near future.

Still have difficulties to differ between both missions? Ok seems so.
Being part of ISAF doesn't mean our main purpose is to fight farmers with Kalashnikows.This would only support the AQ. They would certainly use that for their propaganda.

Our job there is to stabilize our PRT and to train Afghan police and military.
Support locals with medical and infrastructure help.
Sometimes even help in their offensive military missions.
But thats all about it.

"The Accidental Guerrilla"
[yt]DoS9_Mr_K2E[/yt]
 
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wanderer109

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Same nationality, more or less, but different times. A fine tap dance on the mission though congrats. Canadians have fought well and are withdrawing in accord with a long established and well known plan. Some will stay, I believe. US treasures the Canadian troops, the German troops? not so much
 
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Same nationality, more or less, but different times. A fine tap dance on the mission though congrats. Canadians have fought well and are withdrawing in accord with a long established and well known plan. Some will stay, I believe. US treasures the Canadian troops, the German troops? not so much
yeah but we steal their MREs a lot, so if u want to keep us happy you have to at least keep german shipping going. :)

german troops are really good in certain theatres - bosnia is a great example of unsung german success. it's just if you take away the trees and grasslands, they act way more cautiously then normal.
 

mcmerlin

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Nowdays they would only have to wait for night time to escape the beach while the Germans lay drunk in their foxholes.
Together with some Americans, who recently invented beer summits in the "White House" or what? :)


Can someone tell your president that he should try a delicious "Weizen" (wheatbeer) with his pretzels instead of a "Bud light" ?
 
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