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To get the economy back on track, will President Barack Obama have to break his pledge not to raise taxes on 95 percent of Americans? In a “This Week” exclusive, Treasury Secretary Tim Geithner told me, "We’re going to have to do what’s necessary.”
Geithner was clear that he believes a key component of economic recovery is deficit reduction. When I gave him several opportunities to rule out a middle class tax hike, he wouldn’t do it.
“We have to bring these deficits down very dramatically,” Geithner told me. “And that’s going to require some very hard choices.”
Geithner Won't Rule Out New Taxes for Middle Class
Obama is a liar just like all the rest before him. Democrat or Republican, its all the same.
Originally posted by ProfEmeritus
True. The problem is that his lies are costing us more than the previous administration's lies. He claimed he inherited a deficit, but he nearly tripled the deficit with his new budget. We can't blame the previous administration for that.