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  Topic: Ex-Obama Treasury secretary:
Tax cuts ´leaving us broke´
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Ex-Obama Treasury secretary:
Tax cuts ´leaving us broke´

The Hill [Washington, DC], by Naomi Jagoda

Original Article

Posted By:KarenJ1, 1/3/2018 2:17:55 PM

Former Treasury Secretary Jack Lew expressed concerns about the new GOP tax law´s impact on the debt, arguing that it is "leaving us broke" and could lead to cuts in social safety net programs. "I fear that the next shoe to drop is going to be an attack on the most vulnerable in our society," Lew said in a Bloomberg interview. "How are we going to pay for the deficit caused by the tax cut? You´re going to see proposals to cut health insurance from poor people, to take basic food support away from poor people, to attack Medicare and Social

Comments:
You couldn´t even make this up! The utter and complete hypocrisy of this jerk is absolutely shocking. Obama incurred more debt than all presidents combined and Lew says this?? Lew also defended paying off Iran those billions of dollars. Link below. I´m so tired of lying hacks like Lew.

http://jewishinsider.com/9280/lew-on-cash-payment-iran-wanted-to-be-paid-quickly/

      


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Reply 1 - Posted by: nimby, 1/3/2018 2:20:15 PM     (No. 11498801)

Take a hike Fraudster!!

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Reply 2 - Posted by: Scrubber, 1/3/2018 2:21:50 PM     (No. 11498804)

I know they’ll never learn, but people actually believe this garbage, even though every single prediction about Trump has been wrong.

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Reply 3 - Posted by: earlybird, 1/3/2018 2:22:00 PM     (No. 11498805)

Jacob, Jacob, Jacob. You haven’t a clue, you hardcore partisan, you.

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Reply 4 - Posted by: ida lou pino, 1/3/2018 2:23:59 PM     (No. 11498808)

Just what we need - - a lecture on fiscal probity - - from Jack "Ten-Trillion-Straight-Down-The-Drain" Lew.

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Reply 5 - Posted by: 6079 Smith, W, 1/3/2018 2:49:25 PM     (No. 11498843)

His premise has to be that the current spending has absolutely no waste, duplication or fraud. Were he truly concerned, he would be working to end government waste, but he isn´t so he is only grandstanding.

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Reply 6 - Posted by: curious1, 1/3/2018 2:52:02 PM     (No. 11498849)

#5, don´t leave out their claim that it´s all constitutional spending too, though it clearly isn´t.

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Reply 7 - Posted by: MDConservative, 1/3/2018 3:18:06 PM     (No. 11498882)

"How are we going to pay for the deficit caused by the tax cut?" - Former Treasury Secretary Jack Lew

This by a former Secretary of the Treasury... tax cuts don´t cause deficits - excessive spending does. And, Mr. Lew, who is going to pay for the debt incurred while you were in office? The saddest fact is that Lew could be either a Democrat or Republican. Neither party has any credibility when it comes to "balanced budgets" or "spending cuts." It´s only money - and the presses can spin off whatever needed. Exactly what is a dollar worth?

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Reply 8 - Posted by: jinx, 1/3/2018 3:21:48 PM     (No. 11498885)

Baloney! If Congress would quit spending our money on waste, we would have a lot more. Obama ran our debt up to trillions of dollars which we don´t have and can never have. Let´s just start with those millions in cash he gave to Iran and the six billion Hillary lost at the State Dept. on her watch, and the millions they used to pay off the women and men that they sexually assaulted. Don´t get me started!

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Reply 9 - Posted by: dadofboys, 1/3/2018 3:30:32 PM     (No. 11498894)

Its......Our......Money! Not......Yours

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Reply 10 - Posted by: Nashman, 1/3/2018 3:35:57 PM     (No. 11498903)

After 3 days?? These people are insane.

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Reply 11 - Posted by: Clinger, 1/3/2018 3:51:05 PM     (No. 11498933)

Yup Jack, it´s all government money to be doled out as the ruling elite see fit.

Your display of economic and constitutional ignorance couldn´t be more clear.

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Reply 12 - Posted by: citizen, 1/3/2018 4:45:26 PM     (No. 11499001)

Lew´s most vulnerable people are illegal aliens and lazy people on generational welfare.

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Reply 13 - Posted by: volksford, 1/3/2018 4:49:08 PM     (No. 11499005)

I called up Obama to ask for a loan cause we´re busted....I hate to beg like a dog for a bone but we´re busted..He said their ain´t a thing I can do, Michele and the kids are down with the flu..and I was just thinkin of callin on you cause we´re busted

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Reply 14 - Posted by: Hotrod, 1/3/2018 4:58:21 PM     (No. 11499027)

Most people who are going broke cut back on spending. Not democrats! They just keep on running up the credit cards.

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Reply 15 - Posted by: kono, 1/3/2018 5:09:53 PM     (No. 11499036)

How can Trump´s tax cuts leave us broke when we were already broke by virtue of the gross fiscal malfeasance of Obama´s administration?

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Reply 16 - Posted by: bobgray2, 1/3/2018 5:14:31 PM     (No. 11499043)

Says the man who didn´t utter a peep while the national debt doubled while he was Treasury Secretary.

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Reply 17 - Posted by: bradcro, 1/3/2018 5:28:34 PM     (No. 11499058)

You pay for it with INCREASED Income Taxes from the increased business, you dope.

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Reply 18 - Posted by: mickturn, 1/3/2018 6:01:22 PM     (No. 11499092)

Good, Theft is not a way to tax!

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Reply 19 - Posted by: web, 1/3/2018 6:27:33 PM     (No. 11499119)

Hey, I have an idea. How about we get rid of millions of criminals who are taking taxpayer money and using American social services? How about we change the rules for those who live on public money for generations?

The problem is not that there is not enough money. There is never enough money for government agencies and their clients. They are like a cancer that just wants to grow and grow using the resources of the host (us).

How about we have fewer poor people, by cutting taxes and creating jobs? That should be the goal... not more poor people.

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Reply 20 - Posted by: jerseytomato, 1/3/2018 6:29:22 PM     (No. 11499120)

Anyone else notice a number of former Obama obstructionists are speaking out lately?




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Reply 21 - Posted by: Rumblehog, 1/3/2018 6:55:25 PM     (No. 11499159)

With the emphasis on "EX"... they all said the same exact thing when the Reagan tax-cuts were put into effect. I want to hope that Trump will reduce personal tax rates along with corporate rates over his term. Corporate taxes should be close to ZERO if and only if they quit lobbying.

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Reply 22 - Posted by: Hazymac, 1/3/2018 7:33:20 PM     (No. 11499201)

Naturally, Ubama´s Treasury Secretary would object to sensible economic policy. As others have said, it´s excessive spending--not tax cuts--that is breaking the Nation financially. The unfastidious penman Lew is also known for his signature, which in its natural form is a series of connected loops with no recognizable letters.

http://nymag.com/daily/intelligencer/2013/01/jack-lews-terrible-signature-may-grace-bills.html

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Reply 23 - Posted by: Proud Texan, 1/3/2018 8:56:36 PM     (No. 11499261)

Nobody I would rather receive financial advice of any kind from than a man who couldn´t even sign his name before becoming secretary of treasury.

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Reply 24 - Posted by: P51dmustang, 1/3/2018 9:06:29 PM     (No. 11499268)

Good, time to cut the Federal Government by 50%, We then are back in the Black.



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Reply 25 - Posted by: blizzard, 1/3/2018 9:14:02 PM     (No. 11499277)

"they leave us broke"... which is entirely the point. We want to leave the Leftists and their stupid giveaways without any more of OUR money to waste it on.

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