When asked about the possibility of raising taxes Sunday, Tim Geithner said the following:

If we want an economy that’s going to grow in the future, people have to understand we have to bring those deficits down. And it’s going to be difficult, hard for us to do. And the path to that is through health care reform. We’re not at the point yet where we’re going to make a judgment about what it’s going to take.

Exactly how will health care reform bring down the deficit?

For arguments sake, let’s say that Obamacare will work as perfectly the White House says it will.  Yes, I know that’s a huge stretch, but just go with me for a second.  Will there not be an enormous up front cost to getting the program up and running?  Won’t it take some time for us to reap the dividends of that “investment?”  The last numbers I saw showed that Obamacare was a $1.2 trillion proposal.  Wouldn’t that double our deficit, at least until we start seeing those dividends? 

They don’t know what it’s going to take yet to bring down our deficit.  In liberal speak that means they’re going to raise our taxes.  So much for Obama’s campaign mantra of not raising taxes on the middle class.

My suggestion… Barry and Timmy need to take a crash course in Reaganonmics.

Comments