In last week's column, we discussed President Obama and his administration's dangerous habit of making important policy statements and decisions before having all of the facts available. Well, this week some of President Obama's top lieutenants, including Treasury Secretary Timothy Geithner, have countered the president's earlier promise not to raise taxes on middle-class Americans to support his nationalized healthcare proposal. Is this yet another case of publicizing policy without having all of the input required from some of the nation's leading advisers and supposed experts?
While the White House has pressed back, reiterating their position that middle-class Americans would not bear the burden of their overly ambitious plan, it is hard to figure out the disconnect between the political operations of the administration versus those who are tasked with actually developing and implementing the policies related to our nation's economic well-being. If a middle-class tax hike is off the table, it seems key policy makers missed the memo. This is not just inexcusably sloppy -- it's dangerous.
As the nation continues to fight its way out of economic calamity, President Obama continues to insist on immediate passage of his hulking healthcare proposal. As a country, we're not even sure if we want the plan, certainly can't afford it, and yet the Obama administration demands action this calendar year, as though genuine debate and solid policy were made while running about as though on fire.
And this stubbornness holds beyond all odds -- even as we know the federal government does not have the funds or a solidified plan for how to fund yet another soon-to-be bloated government program.
Certainly the administration recognizes that federal tax revenues are already down a historic 18 percent in 2009 -- an astonishing decrease that the Associated Press calculates as the largest single-year decline since (you guessed it) the Great Depression. So what is their proposed solution to a struggling economy, insufficient funds to meet our current obligations including two wars and talk of additional government bailouts, and a deficit that is starting to near $2 trillion, you ask?
Spend more! And when the spending excesses and escalating deficit turns even the most liberal of stomachs, well, that's when even the president's own Treasury secretary recognizes the only way to proceed is to raise taxes on the middle class!
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