The American Spectator : The Spectacle Blog : Will Secretay Geithner Pay Up in 2011?

Text Size

The Spectacle Blog

Will Secretay Geithner Pay Up in 2011?

By Doug Bandow on 3.4.09 @ 8:09AM

Treasury Secretary Geithner opines that the proposed tax hikes are no big deal. Reports the Washington Examiner:

Treasury Secretary Timothy Geithner argued that the Obama proposal would reduce taxes for most Americans. Any increases, he said, wouldn't occur until 2011, when the economy is "safely into recovery."

Ah yes, when the economy is supposed to booming despite trillions of extra dollars in wasted spending and accumulated debt.

But the big question is: does Secretary Geithner intend to pay his taxes in 2011 when they go up?

(Indeed, the Obama administration continues in good form. Former Dallas Mayor Ron Kirk, nominated to be trade representative, also had to pay up his taxes. Democrats apparently really do believe that taxes are for other people to pay.)

View all comments (2) | Leave a comment

John Thacker| 3.4.09 @ 10:37AM

The economy may well be booming in 2011, or at least recovered somewhat, and mortgaging our future may well help the short term.

He still doesn't reconcile the idea that the economy will be "booming" in 2011, yet much of the "stimulus" money will still be spent during that "boom" year-- and the deficit will still be twice Bush's enormous deficits despite the boom.

Even if you grant the possibility of deficits helping during a short-term problem, there's no argument for running an enormous deficit when the economy is "safely into recovery."