Saturday, February 13, 2010

You Can't Say That He Didn't Warn You

UPDATE: Linked by Carol's Closet.

Promises Schomises.

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.

Obama, in a Feb. 9 Oval Office interview, said that a presidential commission on the budget needs to consider all options for reducing the deficit, including tax increases and cuts in spending on entitlement programs such as Social Security and Medicare.

I'm pretty sure that he even said "Let me be perfectly clear" when promising not to raise taxes on those making less than $250,000.

To continue:

“Our real problem is not the spike in spending last year, or the lost, even the lost revenues last year, as significant as those are,” he said. “The real problem has to do with the fact that there is a just a mismatch between the amount of money coming in and the amount of money going out. And that is going to require some big, tough choices that, so far, the political system has been unable to deal with.”

It's not about cutting spending. He hasn't been able to cut spending for these last two years. If anything he's been getting worse.


In May, 2009, he said this:

“We can’t keep on just borrowing from China,” Obama said at a town-hall meeting in Rio Rancho, New Mexico, outside Albuquerque. “We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.”

Which I and other people took as Obama positioning himself to pivot on his 'pledge'.

In the logjam of the budget, you have to keep flowing with the current. One way is to reduce the amount of logs floating down the river and it's painfully obvious that it won't be that. Or increase the level of the river. In other words, raise taxes.

Let me be perfectly clear. Barack Obama will raise taxes.

1 comment:

  1. "I'm pretty sure that he even said "Let me be perfectly clear" when promising not to raise taxes on those making less than $250,000. "

    I assumed that was Ebonics for "watch my lips".

    ReplyDelete