Wednesday, June 22, 2011

Tax Hikes Will Increase, Not Decrease, The Federal Budget

Treasury Secretary Tim Geithner has called for tax increases to stop the deficit. This is precisely the thinking that is driving the US towards a depression.  The Obama Administration refuses to acknowledge that its policies have prevented job growth.  What Geithner and his fellow travelers refuse to acknowledge is that the deficit can only be ended by growing the economy, thereby creating new sources of revenue.  Tax increases will only discourage growth.

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