President Barack Obama’s deficit-reduction committee will consider all options to reduce the government’s ballooning deficit, including cutting spending in areas currently protected by the administration’s formal budget proposal, or raising taxes for those earning less than $250,000, Peter Orszag, director of the White House’s Office of Management and Budget, told CNBC Thursday.
“What the president was very clear about first was that [raising taxes] was not what we proposed, but that we have to let this commission do its work, and that everything’s on the table,” Orszag said. “All options need to be examined.”
If that doesn’t give you naughty, paradoxical, bipartisan titters, then nothing will. I’m positively giddy.
10 comments
Skip to comment form
Author
forto you!“where’s your x-post link, eh? 😉
Sorry. Couldn’t resist.
… watching that commission announcement, because nothing says “I love you suckahs” like that Bipartisanshipthingee.
Yeah, I want Peter Effing Sleeps with Greek Heiresses Orzag deciding who to tax in this country.