Obama econ advicer was asked by CNBC about the tax hike on the so-called wealthy taxpayers.
Keep in mind that Obama’s rap is that “we can’t afford to keep tax rates for the weathy where they are now” … implying that the money would go towards deficit reduction.
Well, Summers blew it.
His answer: “There are better uses for the money”
He clarified: maybe more targeted tax breaks or stimulative spending.
Deficit reduction didn’t make his list.
Oops …
The CNBC shills didn’t follow-up on the obvious slip.
The Homa Files 
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