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Posted by Larry The cable Guy
on August 3, 2009, 6:40 am
Typical tax and spend democrat. So this is the change all you Obama supporters wanted. We'll your about to get it.
2 Obama officials: No guarantee taxes won't go up
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Delicious Digg Facebook Fark Newsvine Reddit StumbleUpon Technorati Yahoo! Bookmarks Print Featured Topics: Barack Obama Play Video AP – Obama retools pitch on health care overhaul
Play Video Video:Obama delivers remarks on economic recovery, health care WRAL Raleigh Play Video Video:Obama: Existing health system threatens Medicare AP Play Video Barack Obama Video:AP Top Stories AP AP – In this photograph provided by 'Meet the Press,' White House adviser Larry Summers appears on 'Meet the … By PHILIP ELLIOTT, Associated Press Writer Philip Elliott, Associated Press Writer – Mon Aug 3, 1:27 am ET
WASHINGTON – President Barack Obama's treasury secretary said Sunday he cannot rule out higher taxes to help tame an exploding budget deficit, and his chief economic adviser would not dismiss raising them on middle-class Americans as part of a health care overhaul.
As the White House sought to balance campaign rhetoric with governing, officials appeared willing to extend unemployment benefits. With former Federal Reserve Chairman Alan Greenspan saying he is "pretty sure we've already seen the bottom" of the recession, Obama aides sought to defend the economic stimulus and calm a jittery public.
Treasury Secretary Timothy Geithner and National Economic Council Director Larry Summers both sidestepped questions on Obama's intentions about taxes. Geithner said the White House was not ready to rule out a tax hike to lower the federal deficit; Summers said Obama's proposed health care overhaul needs funding from somewhere.
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