Tuesday, August 4, 2009

Dig Deep

The campaign promise to not raise taxes on anyone making less than $250,000 per year is fading into obscurity. The only surprises are that some people are surprised, and that others still don't believe it.
Asked about raising taxes on the middle class on Sunday on CBS’s “Face the Nation,” White House economist Larry Summers wouldn’t repeat Mr. Obama’s pre-election promise. “It is never a good idea to absolutely rule things out no matter what,” Mr. Summers said—except, apparently, when his boss is running for office. Meanwhile, on ABC’s “This Week,” Treasury Secretary Timothy Geithner also slid around Mr. Obama’s vow and said, “We have to bring these deficits down very dramatically. And that’s going to require some very hard choices.”
How much will it take to open peoples eyes? Wouldn't it have been better to not run up such a deficit in the first place?