… if you make less than $250,000; or was it $208,000? Either way, President Obama assured Americans making less than the aforementioned figures would not pay “one more dime” in taxes. So why won’t Obama administration officials back up the boss?
From Yahoo News…
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.
Update (Jim): Here’s the little slice of video that says it all:
Along with new and wide-spreading tax we can expect if health care legislation passes at the federal level, remember that Obama has guaranteed everyone will have to pay higher taxes – that’s what they are – if cap and trade legislation goes through. Obama clearly stated energy costs would necessarily skyrocket.
Don’t forget the United States is borrowing like crazy to pay for the so-called stimulus package. The federal government alone is in the process of borrowing more than $34 billion each week in 2009. It was bad enough borrowing almost $8 billion a week in 2008, but Congress and the Obama administration has quadrupled the projected deficit in a matter of weeks.
This is not a surprise, Obama and the liberal Democrats have been broadcasting what they want to do for years. Did you miss it?