Unreal. After Quadrupling Deficit Geithner Admits a Lower Deficit Is Key to Recovery & Raising Taxes Would Help (Video)
Team Obama already quadrupled the national deficit in one year.
Now, they’re saying the key to recovery is reducing the deficit.
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.
He said the country needs to understand the Obama administration will do what’s necessary. He did not detail how the government plans to shrink the deficit, though he said overhauling the health care system and lowering costs are essential.
“When we have recovery established, led by the private sector, then we have to bring these deficits down very dramatically,” he told ABC’s “This Week” in an interview broadcast Sunday. “And that’s going to require some very hard choices. And we’re going to have to do that in a way that does not add unfairly to the burdens that the average American already faces.”
Geithner is not just a tax cheat but a liar.
He told George Stephanopoulos that Bush left Team Obama with a $1.3 trillion deficit as if Bush passed the Stimulus boondoggle and the record pork-bloated Obama budget.
Here’s the video:
These people have no shame.
Related… Taxing the rich won’t pay for all of Obama’s irresponsible spending.
More… The kooks on the Left are even blaming Bush today for Obama’s represhensible foreign policy stands.