Archive for the 'Taxes' Category

Jan 31 2009

President Obama’s Master Plan – Part I

It’s brilliant.  It’s subtle.  It’s happening before people’s eyes, and no one has detected it.

It’s President Obama’s plan to eliminate the United States government’s deficit, and he’s doing it one nominee at a time.

At first I was confused — how could the President think that Timothy Geithner, a man who had “inadvertently” failed to pay taxes ($42,702 including interest) on money he’d been paid by the IMF (even after (1) he’d been warned repeatedly by the IMF that he’d have to pay taxes on it, (2) reimbursed by the IMF for taxes he’d failed to pay, and (3) had already been dinged by the IRS for the exact same “mistake” in other years), be a good person to oversee the Treasury, including the IRS?

And how could the President think that Tom Daschle, who’d failed to pay $128,203 in taxes until he was being vetted by the Administration (including for failing to report more than $83,000 of consulting revenue in 2007), would be a great choice for head of HHS?

And then I saw the real goal.

With just two nominations, the President has added more than $170,000 in tax revenue to the Treasury, without modifying the tax laws, signing an executive order, or implementing new regulations.  If he just keeps up this pattern of nominating tax evaders, he’ll get the government out of its spending hole before you know it.

And that’s change we can believe in.

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