Obama : Taxes will Rise to Pay Health Care - Two of President Barack Obama's economic heavyweights stated middle class taxes may have to cope up budget deficits or to pay for the draft revision of the nation, the Health Care System. Difficult to discuss the Treasury Secretary Timothy Geithner and National Economic Council Director Lawrence Summers on Sunday capped a week, which was rare good news for the economy: The worst recession in the United States since the Second World War, could be about to end. Even so, officials seem willing to extend unemployment benefits. Geithner and Summers ducked two questions about Obama's intentions on taxes. Geithner said the White House was not ready to vote on a tax increase to reduce the federal deficit, "said Summers Obama has proposed the revision of health care need money from somewhere.
"There are many things that can happen in time," said Summers, adding that the administration believes that "it is never a good idea to rule things whatsoever."
During his presidential campaign, Obama has pledged repeatedly, you will not see your taxes increase one single dime. "But the simple reality is that his ambitious review of how Americans receive care health - has promised, without increasing the federal deficit - must be paid. "If we want an economy that will grow in the future, people must understand that we make to these deficits. And it will be difficult, difficult for us to do so. And the path is through reform health care, "Geithner said. "We're not yet at the point where we will make a ruling on what it will take." On Friday, a detailed report on the economy dipped slightly in the second quarter of this year - down to an annual rate of 1 percent, better than expected. The government report to be hoped that the economic downturn is nearing its end. The President warned against overturning moment, however
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