We have to bring these deficits down very dramatically. That’s going to require some very hard choices.
Treasury Secretary Timothy Geithner • Regarding how they expect to pay for all of those deficits the government’s built up over the last year or so. Expect the teabaggers to freak out even more at this news. • source
$150,000amount owed by national Tea Party organizer (and Top Conservatives on Twitter cofounder) Michael P. Leahy – you didn’t think to pay that? source
There was all the talk at the time about how the stimulus package wasn’t big enough, and that is true here. It’s barely letting us keep our noses above water.
Bill Lyne • Faculty union president of Western Washington University in Bellhingham, Wash. His school is bracing for 400 layoffs of staff members and adjunct faculty – just one example of how the $135 billion to limit layoffs as part of the $787 billion stimulus package is running headfirst into the reality that the states just aren’t making enough in tax revenue. • source
I want to see our companies remain the most competitive in the world. But the way to make sure that happens is not to reward our companies for moving jobs off our shores or transferring profits to overseas tax havens.
Barack Obama • Putting the fear of God yesterday into large corporations who have done this for years in an attempt to avoid U.S. taxes. Obama plans to put billions of dollars to work over the next decade – much of it in the form of IRS employees – to prevent tax havens. • source