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.

You Might Like

Comments

As a privately owned web site, we reserve the right to edit or remove comments that contain spam, advertising, vulgarity, threats of violence, racism, anti-Semitism, or personal/abusive attacks on other users. The same applies to trolling, the use of multiple aliases, or just generally being a jerk. Enforcement of this policy is at the sole discretion of the site administrators and repeat offenders may be blocked or permanently banned without warning. Guest posting is disabled for security reasons.

You Might Like