Shocker. Obama’s Treasury Secretary Calls For Tax Hikes (Video)

You knew this was coming.
After blowing a trillion dollars on a failed stimulus plan the Obama Administration believes the best way to cut the record deficit is to raise taxes.

Timothy Geithner: We Need ‘Revenue Increases;’ Cutting Deficit by Spending Cuts Alone ‘Irresponsible’
CNS News reported:

Obama increased the national debt by over $3 trillion in just over 2 years.
Obama tripled the deficit in one year with his failed stimulus plan.

The Obama deficit this year may reach $1.65 trillion. (The Captain’s Comments)

Barack Obama and Democrats also added over One Trillion Dollars to the Federal Budget in the last 4 years.

That’s at least a 30% increase in federal spending in just 3 years.

Now the Obama Administration wants to increase taxes to pay for their failed spending programs.
Figures.

UPDATE: The Foundry has more on America’s fiscal nightmare, via Memeorandum.

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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