UPDATE: WH Issues Stmt…New Taxes on the Middle Class? Whatever it takes says Turbo Tax Timmeh…

Update: 8/3 1:34 pm EST: CNBC has statement from the WH: “would not make sense to raise taxes on middle class, the President’s commitment is pretty clear on that…” (no word on the commitment of Timmeh, Summers and China who is buying our debt as TOTUS spends…)

Gee maybe they should get the memo to Geithner and Summers then….maroons…particularly since Geithner just told China we would reduce the deficit…As we noted in our discussion of UE extension this morning:

Larry Summers and Tim Geithner were chattering about MIDDLE CLASS TAX HIKES, ‘well the money has to come from somewhere for health reform’ Summers says...

…Rather, Mr. Summers told CBS News’s “Face the Nation” that key to controlling the deficit were elements of the Obama economic program, “the first and more important” one being “substantial reform of the health-care system.” But he said the proposed health overhaul needs funding from somewhere…”

One more time, we CANNOT spend like this without raising taxes. SO STOP SPENDING CRITTERS! We CANNOT afford the health care bill now…or cap and trade…or rainbow unity ponies and kickbacks for all and sundry…stop spending..

Original post after the break:

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August 2, 2009. Tags: Economy, Middle Class, Obama Budget, Obama deficit spending, Obama Energy Plan, Obama Health Care, Taxes, Tim Geithner, Wham. Finance, Obama Administration, Politics, Taxes, Unemployment Statistics, Wall St. 2 comments.