Turbo Tax Geithner: We’re Going to Tax Our Way Out of Deficit

So much for Obama’s promise not to raise taxes on the middle class….but then you knew it was a sham, didn’t you.

To get the economy back on track, will …Obama have to break his pledge not to raise taxes on 95 percent of Americans? In a “This Week” exclusive, Treasury Secretary Tim Geithner told me, “We’re going to have to do what’s necessary.”

Geithner was clear that he believes a key component of economic recovery is deficit reduction. When I gave him several opportunities to rule out a middle class tax hike, he wouldn’t do it.

“We have to bring these deficits down very dramatically,” Geithner told me. “And that’s going to require some very hard choices.”

“We will not get this economy back on track, recovery will be not strong and sustained, unless we convince the American people that we are going to have the will to bring these deficits down once recovery is firmly established,” he said.

The only people not worried about this trainwreck are the ones who don’t pay taxes to begin with. Those who foot the bill will have to get a bigger yoke.

Hey 52%ers: Keep your fucking change.

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