Geithner: wealthy should pay more for “the privilege of being an American”
Obama’s treasury secretary Timothy Geithner reiterated the administration’s overall philosophy in an interview with CNBC last Friday: essentially that philosophy is “Spend more, tax more.” In the process, Geithner sermonized: wealthier Americans should pay a “larger burden” for “the privilege of being an American.”
His words:
[I]f you don’t try to generate more revenues through tax reform, if you don’t ask, you know, the most fortunate Americans to bear a slightly larger burden of the privilege of being an American, then you have to — the only way to achieve fiscal sustainability is through unacceptably deep cuts in benefits for middle class seniors, or unacceptably deep cuts in national security.”
Just to make sure we understand this: It’s “unacceptable” to cut the federal budget, particularly in social security, medicare, or “national security” (war, policing the world)—that would be unthinkable. It is therefore necessary for the government to take our money and our children’s money to pay for these things.
Apparently, the Administration thinks entitlements and wars constitute “the privilege of being an American” and are worth indebting (enslaving) our children.
And what Republican is ready to deny this?