Home > Markets, politics > Tax cheat Geithner thinks raising taxes may be necessary despite promises not to do so

Tax cheat Geithner thinks raising taxes may be necessary despite promises not to do so


I guess George didn’t have time to ask Geithner the Tax Cheat if he planned to actually pay the taxes he believes it might be necessary to raise. After all, Geithner the Tax Cheat says they must be prepared to “do whatever it takes”.

Raising taxes in a recession: well, it will allow the government to temporarily collect more revenue to spend on programs that add to the deficit. I guess that makes sense to some people who are looking to grab a positive headline in the short term.

Wait a minute?!

Wasn’t short term thinking and quarterly results the classic narrative about the poor quality of US management in the car industry and cost the GM CEO his job?  That’s right, it’s different if the government does it.

I wonder why the government isn’t subject to monopoly laws? The Framers ideas actually did set up a system whereby one level of government didnt monopolize public functions, but federalism hasn’t been seen lately; A hint of a whisper of the shadow of the memory of federalism hasn’t been seen lately.

So, if more people are filing for unemployment, and more people have just stopped looking for work, and the government wants to increase the stipends, and increase the length of time you can collect benefits, and wants to raise taxes on the fewer people who are still working, exactly how is this not the image of a giant mouth with an insatiable appetite that is eating itself faster each day?

The US: all appetite and mouth, no brain. maybe we have already eaten our brains?!

Brains!  we are the zombie nation. Janet Jackson got it half-right with Rhythm Nation.

Next up: Rhythm Nation meets Thriller in a new production of Zombie nation.  The country that ate itself.

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  1. October 22, 2009 at 10:40 am

    On Federalism and industry: I suspect that the latest compromise regarding state banking regulation points to the influence of large corporations on the Congress as a culprit in the on-going eclipse of federalism. I have just posted on this, in case you are interested.

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