under aggressive questioning from renee ellmers, freshman from north carolina, small biz cmte, geithner testified, "only 3% of your small businesses" will be effected by his proposal to raise taxes on the rich, that "modest change in revenue" of some 3/4 of a tril
failing to raise income taxes, he explains, is tantamount to govt "financing a tax benefit" to upper earners
income taxes simply must be raised, continues the treas secty, else we must "shrink the overall size of govt programs"
yes, mr secty, if you don't shrink overall size of govt, you're gonna have to raise taxes on the very americans the rest of us look to to create jobs---in the midst of our collective depression
it's obama's ball, it's really always been obama's ball
he's gonna have to come out in the spotlight, like geithner, for tax increases---on income
of course, 6 months ago in LAME DUCK the party's position, tho petulant, was plain:
Obama signs tax deal into law - CNN
of course, what can you expect from a president whose only scoreable budget in going on now 3 years was defeated by the senate HIS PARTY CONTROLS, ninety seven to zero
the president's lack of leadership relative to the deficit has been disgraceful, #3 in house leadership says obama doesn't have time
our fiscal outlook is fatal
there are plainly 2 models before us---the directions pointed to and taken by governors cuomo and brown and christie in NY, CA and NJ, on the one hand
or the road taken by greece, on the other
which way will washington wend?