HERE IT COMES - AT 10:45 A.M. ET:  Stuff costs money.  Many in Washington don't seem to realize that, and some of the people who vote for them don't realize it either.  But when Washington spends, Washington must tax, even if it means breaking pledges.  From The Politico:

The White House seems to be retreating from President Barack Obama’s campaign promise that he would not raise taxes on families making less than $250,000.

Under persistent questioning from ABC’s George Stephanopoulos Sunday, Obama senior adviser David Axelrod declined to restate the vow and left open the possibility that the president might sign health care reform legislation that taxes high-cost, employer-provided insurance plans which some middle-class families currently receive tax free.

“The president had said in the past that he doesn't believe taxing health care benefits at any level is necessarily the best way to go here. He still believes that, but there are a number of formulations and we'll wait and see,” Axelrod said on ABC’s “This Week.” “The important thing at this point is to keep the process moving, to keep people at the table, to the keep the discussions going. We've gotten a long way down the road and we want to finish that journey.”

COMMENT:  Might as well get the checkbook out.  We know what's coming, despite the doubletalk.

June 28, 2009