The Lisbon Reporter

WELCOME TO THE LISBON REPORTER. In an effort to keep our community informed of what is going on at local and Federal levels of government, we decided to create this on-line newspaper. It is our hope that this on-line newspaper will help you stay informed so that you can get involved and take action for the benefit of our ENTIRE community. Thank you for visiting and please check back frequently for information about what is happening in LISBON/LISBON FALLS, MAINE USA

Sunday, August 2, 2009

Fed's Talking About Raising Taxes To Pay For Deficits

"2 Obama officials: No guarantee taxes won't go up

By PHILIP ELLIOTT (AP)

WASHINGTON — President Barack Obama's treasury secretary said Sunday he cannot rule out higher taxes to help tame an exploding budget deficit, and his chief economic adviser would not dismiss raising them on middle-class Americans as part of a health care overhaul.

As the White House sought to balance campaign rhetoric with governing, officials appeared willing to extend unemployment benefits. With former Federal Reserve Chairman Alan Greenspan saying he is "pretty sure we've already seen the bottom" of the recession, Obama aides sought to defend the economic stimulus and calm a jittery public."

"Coming Soon: Higher Taxes

August 2, 2009 Posted by John at 11:50 AM

Tim Geithner and Alan Greenspan were on ABC's This Week this morning; both talked about the need to bring down the federal deficit, which is soaring to unprecedented levels under President Obama. Here is George Stephanopoulos's exchange with Geithner:"

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