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November 16, 2009

AP Buries the Lede: Obama Will Seek Tax Increases Next Year

Remember that giggle-fit-inducing story that Obama was going to be a deficit hawk?

Well, there are two ways to cut a deficit: the right way, and the liberal way.

AP buries a major lede.

Orszag has said the spending blueprint, for the budget year that begins Oct. 1, 2010, would put the nation "back on a fiscally sustainable path" and suggested it would include a mix of spending cuts and new revenue-producing measures.

Revenue-producing measures? What could that be? I guess since we now own two car companies, he might mean producing revenue through selling eighty gazillion cars, eh?

David Fredosso reminds that the last time a president pushed through tax hikes before a midterm, there was a seismic earthquake. Why, the nation "threw a temper tantrum," as Peter Jennings sniped.

posted by Ace at 05:50 PM

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Orszag has said the spending blueprint, for the budget year that begins Oct. 1, 2010, would put the nation "back on a fiscally sustainable path" and suggested it would include a mix of spending cuts and new revenue-producing measures. Revenue-producing measures? What could that be? I guess since we now own two car companies, he might mean producing revenue through selling eighty gazillion cars, eh? David Fredosso reminds that the last time a president pushed through tax hikes before a midterm, there was a seismic earthquake. Why, the nation "threw a temper tantrum," as Peter Jennings sniped. posted by Ace at 05:50 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments smart contracts: "Aw, this was an extremely good post. Finding the t ..." Village Idiot's Apprentice: "Le Pixy NOOD It be here! ..." Village Idiot's Apprentice: "Another night of waking up at 0200. Which gave ..." Wolfus Aurelius, Dreaming of Elsewhere [/i] [/b]: "Morning, early risers! To late toilers, evening! ..." m: "second, maybe ..." 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