Skip to main content

Tax cut for 95% of Americans?

Treasury Secretary Timothy Geithner hit the Sunday lecture circuit last weekend. Let’s take a look at the talking points in his interview with George Stephanopoulos on ABC News This Week.

Geithner starts by saying “there are signs the recession is easing.” Really?

Then he says they are going to make American’s more confident about their future … “by just making people understand we're going to do what's necessary to get growth back on track.”

Anytime a government official says they’re going to MAKE you do something, a red light should go off you in your head. Just how does the government define “What’s necessary?” Their answer to a recession was to add more to the debt than all previous presidents -- from George Washington to George W. Bush -- combined.

He throws in a few facts now and then when he says,
“We need recovery to be built on private demand, private spending. Businesses taking a chance again on the American economy. Putting investments to work. Starting to rebuild their employment base. That's the ultimate test for recovery.”
Exactly what has the Obama administration done to help private demand, private spending? Look at how have they treated businesses and investors during these first six months! Businesses aren’t going to invest or rebuild their employment base when they can see what’s coming down the road. The stimulus bill didn’t stimulate private business. Cap and Trade? Taking over Healthcare? This doesn’t help private companies.

Geithner thinks that to build a more productive economy, the government needs to be…"making investments in health care reform, in education, in infrastructure, fixing our financial system.”

I think what he meant was radically re-engineer the market-based U.S. economy.

Stephanopoulos points out to Geithner that … “Congressional Budget Office estimates, that your budget will add 9 trillion dollars to the national debt over the next decade.”

And how does Geithner respond? Read this one carefully.
"George it is absolutely right and very important for everyone to understand we will not get this economy back on track, recovery will not be strong enough to sustain unless we can convince the American people that we're going to have the will to bring these deficits down…”

Mr. Secretary, HOW do you bring down deficits? Well, first you blame the current situation on the previous administration, the one that’s been out of office now for over six months and then you hit the American people with this:


“…We're going to a range of other things and that's going to be a very difficult challenge for this country. We can do this, it just requires the will to act. … We're going to have to do what's necessary… We have to bring these deficits down very dramatically. … And that's going to require some very hard choices.”

Hard choices for whom Mr. Secretary?

Stephanopoulos tries to lead Geithner to the answer “…To bring the deficits down,… That means more revenues. The President has said that taxes won't go up for any Americans earning under $250,000, but it doesn't appear that he's going to be able to keep that promise if you're going to bring the deficits down.”

Geithner deflects. He hems and haws. He says we don’t have a choice as a country and it’s going to be hard.

Surprised? You shouldn’t be.

Popular posts from this blog

Prayer to End the School Year

Another school year is coming to an end.  And what a year the 2017-2018 school year was..... The events of the last 9 months have made me not only thankful to see it end but needing to get on my knees to Thank God for many things.  This school year began with Hurricane Harvey hitting our area and ended with the devastating school shooting at nearby Santa Fe High School. In the middle of the crisis around us there were so many beautiful things, events and people that touched and changed our community and family for the better.  Let's just start with the teachers and administrators who have interacted with my kids this year...  A special social studies teacher that made a fast friend out of my geography obsessed daughter, an ELA teacher who slowly won my oldest daughter over with her love of the written word, a soccer trainer who pushed my son harder than he thought he could handle, and then helped him recognize how that hard work paid off.  What about a school nurse who repeated

My Favorite Catholic Children's Bibles

How do you select a Catholic Children's Bible?  Which children's bible is best for my kids?  Those are questions I get asked all the time.  Searching in my house I discovered almost a dozen different Catholic Bibles for kids or youth on our shelves. When looking for a children's bible or book of bible stories for children, there are several things to take into consideration.  How old is the child?  Do you want something easy to read in story form or a bible with scripture text?  How big or heavy is the book? Is the children's bible a keepsake to commemorate a special event like a baptism, first communion or confirmation? And the answers to these questions might change as the child grows and develops or you have multiple children. With those questions in mind, I'll delve into the Catholic Children's Bibles and Bible Stories we like best of those in our home. My Big Book of Catholic Bible Stories My Big Book of Catholic Bible Stories Compiled by Hei

12 Quotes from St. Teresa of Calcutta

St. Teresa of Calcutta made a deep impression on me as a young girl as I watched her on tv and in news. Who doesn't remember the iconic picture of Mother Teresa with Princess Diana splashed across all magazines, newspapers and news shows?  To me, Saints were people who lived a long time ago, but here she was, a saint in the making.  Mother Teresa was a role model of how to become a Saint in our modern world, by giving her life to God through her dedication to the poor. On her feast day, I want to share with you a few of my favorite quotes from St. Teresa of Calcutta.   Her words are seemingly simple and straightforward but packed with meaning.  My selection comes out of a new favorite book I picked up called, Mother Teresa: Her Essential Wisdom by Carol Kelly-Gangi.  This little book contains hundreds of quotes from St. Teresa of Calcutta centered around specific themes as well as a summary of her biography and quotes about her from others.  "God does not demand that