Sunday, August 02, 2009

Gee whiz! Higher taxes possible, says Treasury Secretary

Blog headline: "Drunken sailor says lower deficit key to sustaining recovery"

Gee, dya think?

Here's the quote from the AP story: "Treasury Secretary Timothy Geithner says the U.S. must cut the annual federal budget deficit, now more than $1 trillion, for the economy to have a sustained recovery and he's not ruling out new taxes."

Hmm. Couldn't think of throttling back on the unprecedented spending the administration has signed into law the past six months. So let's raise taxes!

The country's in the very best of hands.

Reminder from posts past:

Deficits under Bush v. Obama:


And a blast from the past - "read my lips...":
Hmm. Former President Bush (I) lost re-election after breaking such a pledge.

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