“The American people will never knowingly adopt Socialism. But under the name of ‘liberalism’ they will adopt every fragment of the Socialist program, until one day America will be a Socialist nation, without knowing how it happened.”

Socialist Party presidential candidate Norman Thomas

Friday, June 24, 2011

Timothy Geithner wants more of your money

Timothy Geithner demonstrates again why he is a contemptible, utter embarrassment.....

From FoxNews -- Treasury Secretary Timothy Geithner told the House Small Business Committee on Wednesday that the Obama administration believes taxes on small business must increase so the administration does not have to "shrink the overall size of government programs."

The idea of shrinking the size and scope of the behemoth, federal bureaucracy is anathema to liberals. If they feel like they don't have enough of other peoples' money to hand out to the derelict class in exchange for votes, the obvious answer to them is to just take some more away from the productive class by raising taxes. I swear, the awfulness of the Obama administration personnel cannot be overstated!


Bill Lockhart said...

Isn't small business where the most jobs are created? And wouldn't taxing them mean less workers? And don't less working people mean less income tax revenue and more payouts for unemployment? The end result being an even greater deficit? This would seem to me to be the logic in this exercise. OR have I missed something important in this tax increase?

Ed said...

No, you are right. That's how quixotic this administration is when it comes to problem solving. They haven't a clue against what they shold be tilting.