Pawlenty accuses Obama of scaring Americans into higher taxes
Tim Pawlenty (Credit: CBS)
Former Minnesota Gov. Tim Pawlenty responded Tuesday to comments President Obama made in an interview with CBS Evening News anchor and managing editor Scott Pelley on the status of debt negotiations with Republicans.
Pawlenty, a Republican presidential contender, accused the president of scaring Americans "into agreeing to higher taxes and spending."
Mr. Obama told Pelley he could not guarantee Social Security and other government checks after August 2nd, a deadline set by Treasury Secretary Timothy Geithner for a debt ceiling increase.
"I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue," Mr. Obama said. "Because there may simply not be the money in the coffers to do it."
Mr. Obama also told Pelley "this is not just a matter of Social Security checks. These are veterans checks, these are folks on disability and their checks. There are about 70 million checks that go out."
In a written statement, Pawlenty called it "unconscionable" the president "would be proposing higher taxes and more spending, but not surprising coming from the same man who gave us the failed stimulus and ObamaCare."
The Republican presidential candidate statement continued: "I would use the debt limit as a moment to stop out-of-control government, and force real spending cuts and balance the budget."
Pelley's full interview with Mr. Obama airs on the CBS Evening News Tuesday.
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by Sirius_Payne July 12, 2011 6:01 PM EDT
So your suggestion that a 10% tax rate of the low to median income ($9 to $32K), as compared to 35% of the highest ($250K to $10M), is somehow a great tax break for the poor? On the low end that's the difference between $900 to $3.2K in taxes, keeping 5%; and on the high end $97.5K to $3.9M in taxes, keeping 4%.
The biggest tax breaks, measured in dollars, was for the rich. Mathematically, it makes perfect sense.
1 - Man who gave us the failed stimulus was Bush. Remember?
2 - Higher taxes only on the rich and big corporations (OIL)
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++No, Mr. Wizard, Bush did not give us the stimulus, Obama did. And you want higher taxes for those who actually provide jobs and investment? Best way possible to ensure this recession continues.
Panic time in T-Paw's corner.
force real spending cuts on the backs of the american people, just another thug. bachmann will do the same and eliminate the minimum wage.
2 - Higher taxes only on the rich and big corporations (OIL)
You know at some point we are going to have to Egypt this place.