Compact Adolescent wrote:


"Too_Many_Tools" wrote in message
...
On Aug 2, 9:27 pm, "Compact Adolescent" wrote:
http://finance.yahoo.com/news/2-Obam...2491158742.htm...

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

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

By Philip Elliott, Associated Press Writer
On Sunday August 2, 2009, 9:24 pm EDT

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."

I fully expect increased taxes.

George Bush ran up a TRILLION DOLLAR DEFICIT without paying for it.

As an American,YOU DO PAY YOUR BILLS, DON'T YOU?

Well pony up...your previous Republican President just left the
building without paying his check.

TMT

Obama Obama ooh ahhh, Obama Obama ooh ahhh, Obama Obama ooh ahhh, Obama
Obama ooh ahhh, Obama Obama ooh ahhh, Obama Obama ooh ahhh, Obama Obama
ooh ahhh, Obama Obama ooh ahhh, Obama Obama ooh ahhh, Obama Obama ooh
ahhh, Obama Obama ooh ahhh, Obama Obama ooh ahhh, Obama Obama ooh ahhh,
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ahhh, Obama Obama ooh ahhh, Obama Obama ooh ahhh, Obama Obama ooh ahhh,
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ahhh, Obama Obama ooh ahhh, Obama Obama ooh ahhh, Obama Obama ooh ahhh,
Obama Obama ooh ahhh, Obama Obama ooh ahhh, Obama Obama ooh ahhh, Obama
Obama ooh ahhh, Obama Obama ooh ahhh, Obama Obama ooh ahhh, Obama Obama
ooh ahhh, Obama Obama ooh ahhh, Obama Obama ooh ahhh, Obama Obama ooh
ahhh, Obama Obama ooh ahhh, Obama Obama ooh ahhh, Obama Obama ooh ahhh,
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Obama ooh ahhh, Obama Obama ooh ahhh, Obama Obama ooh ahhh, Obama Obama
ooh ahhh, Obama Obama ooh ahhh, Obama Obama ooh ahhh. That should do it.

It does. You are stupid, and you have sufficiently demonstrated same.

Keep the change.

Kill yourself, then. Even then, things will change without you. At
least you won't have to worry about it, tho.

Dan