Either Tim Geithner has elephant-sized chutzpah or he’s completely clueless. How else to explain his insistence that Congress follow the Obama plan to spike taxes on the top income brackets?
Forget for a moment that it is sheer economic lunacy to raise taxes on any quintile when our country is struggling with anemic private-sector growth, coupled with the fact that we’ve had unemployment above 9% for 16 straight months now. Geithner himself doesn’t have the moral authority to push tax hikes on anyone. He’s a tax cheat.
Recall that before his confirmation hearings to head the Treasury Department, Geithner paid $42,702 in back taxes and interest for the years 2001 through 2004. He blamed this “error” on TurboTax. Now he’s out pimping the Obama proposal to repeal portions of the Bush tax cuts, recently telling Fox Business that such tax increases are “good policy” that will “help the economy in the short term and in the long run.”
HUMAN EVENTS caught up with Mr. Geithner to ask him how exactly he squares his support for tax increases with his own tax-dodging days:
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Obama’s America, folks: Where not only is our Treasury Secretary a tax cheat, but an advocate of higher taxes to boot.
Moe Lane
PG DeFreese
Victoria Coates
Daniel Horowitz
Dan Spencer
Great work Jason!!
fpete13527 (Diary) Tuesday, September 28th at 8:28AM EST (link)Please keep these videos coming! As a matter of fact, how about doing three or four a week focusing on all Obama’s undreds of Socialist/criminal Czar appointees.
You could probably go all the way to Christmas or 2011 with new videos and still have plenty left over to conduct interviews with.
I don’t think you’ll get many answers though from the Obama/Dem criminal/Socialist appointees, other than for them to say they feel the same way as their leader Obama…
….which is that they can’t stand the U.S. and want to destroy the Constitution to create the new world federation government of Obama’s Sharia/Communist Society of hope.
Asked and answered
RedBeard Tuesday, September 28th at 8:35AM EST (link)Timmy’s silence is a very definitive answer.
Excellent ambush.
Standard-bearer for grouchy curmudgeonry since, oh, 1975 or so.
Others go to prision for this
nepanyrush Tuesday, September 28th at 9:45AM EST (link)Almost $43,000 owed and no legal ramifications? Rev. Moon went to prison for over a year on just $7,000 in taxes owed the IRS, even though it was his first tax return in this country, he didn’t even speak English, and the IRS violated its own guidelines to pursue him. I guess it is not the rich that are favored and avoid jail, but the “establishment rich.” If you are part of the ruling class, then you can pretty much do what you want as long as you don’t upset the others that are part of the establishment.
Heck, Senator Al Franken owed $70,000 in back taxes in 17 states and all it got him was elected to the US Senate.
It's a undeniable fact
indyjohn Tuesday, September 28th at 10:21AM EST (link)that America’s progressive income tax rates exacerbate federal budget deficits during recessions. The incomes of the rich, which are based on returns from investments and businesses, are highly sensitive to economic cycles. Because the federal government has become increasingly dependent on the rich to pay a larger share of income taxes, Treasury receipts are more sensitive to changes in the incomes of the rich.
Thus, we may conclude that little Timmy is either a liar or a boob. We don’t need to ‘spread the wealth’. We need to ‘spread the taxes’!
But what is liberty without wisdom, and without virtue? It is the greatest of all possible evils; for it is folly, vice, and madness, without tuition or restraint.
Edmund Burke
Little Timmy is probably both...a liar and a boob.
uselogic Tuesday, September 28th at 3:05PM EST (link)But he’s part of “the Club”. You know, the interconnected world of elitists that believe they should be running the world. After all, little Timmy’s daddy employed Barack’s mommy. Birds of a feather…