Wednesday, April 28, 2010

Obama will not rule out tax hike? No bleep Sherlock

President Barack Obama said he refuses to rule out measures that would fight "exploding deficits," signalling that members of a panel he tasked with reducing federal deficits are considering tax increases.

Washington must urgently confront unpleasant truths about deficits, Obama said, telling reporters in the White House's Rose Garden yesterday that neither he nor his commission members would say what options remain viable.

"We're not playing that game. I'm not going to say what's in. I'm not going to say what's out. I want this commission to be free to do its work," said the President.