Read my lips no new taxes.

No Obama said middle class tax cuts then this.

Quote :

President Obama said Tuesday that "everything has to be on the table" as his newly appointed debt commission goes to work, but he would not entertain questions about whether tax increases, included a value-added tax, or spending cuts will get serious consideration.

"We're not playing that game," the president said.

Among the proposals that have generated attention recently is the idea of a value-added tax, a form of a national sales tax. Though Obama has indicated an openness to considering the tax, he said Tuesday that he would not indulge in any speculation.

"We're 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," he said, warning that the country would face a "day of reckoning" if the federal government cannot control its spending.

I think our day of reckoning was in January 2009 when this administration took over.

President Obama said Tuesday that "everything has to be on the table"

How about his head.