Thursday, February 11, 2010

Read my lips...

Business Week headline: Obama "Agnostic" on Deficit Cuts, Won't Prejudge Tax Increases

First paragraph: "President Barack Obama said he is 'agnostic' about raising taxes on households making less than $250,000 as part of a broad effort to rein in the budget deficit."

Further down in the story: "Obama repeatedly vowed during the 2008 presidential election campaign that he would not raise taxes on individuals making less than $200,000 and households earning less than $250,000 a year. When senior White House economic adviser Lawrence H. Summers and Treasury Secretary Timothy F. Geithner suggested in August that the administration might be open to going back on that pledge, White House press secretary Robert Gibbs quickly reiterated the president’s promise.

"In the interview, Obama said that putting preconditions on the agenda of a bipartisan advisory commission, which he said he would soon establish, would just undermine its purpose."

"Bipartisanship" means political cover if he goes back on his pledge?

Sounded good during the campaign:

And -- hmm -- where'd that pesky deficit come from?


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