The United States finances are swirling in ever tighter circles closer the drain and the best solution Obama’s Treasury tool, Tim Geithner, can propose is ”wealthy people need to pay more taxes.”
Really, that’s his and Obama’s solution to our fiscal problem. Here is the video:
And the transcript:
“That’s the kind of balance you need,” said Geithner. “Why is that the case? Because if you don’t try to generate more revenues through tax reform, if you don’t ask, you know, the most fortunate Americans to bear a slightly larger burden of the privilege of being an American, then you have to — the only way to achieve fiscal sustainability is through unacceptably deep cuts in benefits for middle class seniors, or unacceptably deep cuts in national security.”
It has been 2 years, 9 months and 25 days since the Democrat controlled Senate has passed a budget (the Republican House has passed many). With this kind of irresponsibility permeating Washington, it is no surprise that our nation is faced with runaway deficits and is going to hit ANOTHER debt ‘ceiling’ in a matter of months.
Lawmakers on Capitol Hill had hoped that last summer’s deal to end the nasty fight over lifting the debt ceiling would ensure the issue wouldn’t resurface until at least 2013.
But the Bipartisan Policy Center said Friday that the debt-limit doomsday could come earlier than that.
Analysts from the Bipartisan Policy Center projected that the United States will hit its $16.4 trillion debt ceiling between late November 2012 and early January 2013 due to lower-than-expected corporate tax revenues and the recent extension of the payroll tax holiday.
Of course, insane levels of spending are not part of the problem at all (according to Politico).
You would think that Obama, as the leader of the Democrat party, could use his otherworldly abilities* and superior intellect* to get Harry Reid to pass a simple budget.
After all, it is Congresses responsibility to pass a budget.
*By the way, remember when people seriously referred to Obama as a ‘Lightworker’?
Many spiritually advanced people I know (not coweringly religious, mind you, but deeply spiritual) identify Obama as a Lightworker, that rare kind of attuned being who has the ability to lead us not merely to new foreign policies or health care plans or whatnot, but who can actually help usher in a new way of being on the planet, of relating and connecting and engaging with this bizarre earthly experiment. These kinds of people actually help us evolve. They are philosophers and peacemakers of a very high order, and they speak not just to reason or emotion, but to the soul.
The unusual thing is, true Lightworkers almost never appear on such a brutal, spiritually demeaning stage as national politics. This is why Obama is so rare. And this why he is so often compared to Kennedy and Martin Luther King Jr., to those leaders in our culture whose stirring vibrations still resonate throughout our short history.
I wonder if Mr. Morford feels a slight bit of embarrassment when he thinks back to writing the above article.
Nahhh…
Committed leftists feel no sense of embarrassment. I mean, look at Geithner. He was busted for not paying his taxes and still is head of the U.S. Treasury as it speeds toward complete collapse. All the while calling for people to pay more taxes.
