Posted on 09/11/2010 9:15:31 AM PDT by opentalk
N.H. Sen. Judd Gregg tells CNBC's Larry Kudlow leaders are 'trying to run the government into the ditch' to institute European social welfare model.
We’ve heard from various elements that President Barack Obama was a socialist trying to “fundamentally change” the United States of America in a covert manner, but maybe it isn’t as covert as it seems.
A recent CNS News analysis of government data shows that in the first 19 months of the Obama administration, the federal debt held by the public increased by $2.5260 trillion - more than the cumulative total of the national debt held by the public that was amassed by all U.S. presidents from George Washington through Ronald Reagan. So why is the government doing this? Larry Kudlow asked Sen. Judd Gregg, R-N.H., that question on his Sept. 9 program, suggesting it was a “giant massive tax trap.”
“Senator, instead of going bankrupt, you know what will happen?” Kudlow said. “It's a massive tax trap. That's what's going to happen. It's going to be a gigantic humongous, massive tax trap that will doom us to subpar, stagnant, slow economic growth and high unemployment. Isn’t that really the issue?”
According to Gregg, who was at one time Obama’s choice for Secretary of Commerce until he withdrew his name, it’s part of a philosophy that sees the private sector as “under-taxed.”
...Their end goal with all this spending is not just short-term medicine for the ailing economy. Instead – to “fundamentally change” the American economy: Institute a value-added tax and implement the European social welfare model.
“They want to fill it with a value added tax,” Gregg continued. “That is the plan. They're trying to run the government into the ditch so that the options will be so few and so Draconian and so inappropriate that the only choice that would be left would be to go down the European social welfare mode. Remember, every European country has an income tax, a sales tax, which is their VAT tax, and what they see is the United States only has an income tax. So they say, ‘Well, we can obviously take the European model. If we go down the European road of expanding our government dramatically,’ which is what they’re planning to do and what they’ve actually done with the health care bill specifically, ‘Then we can fill that gap without going down the European model of a VAT tax.’”
I am sure that is true, the only way out is to tax to them with this debt, but we should gut the entire fed first, irs, etc..gone..thats the only other way without taxes..
Why did Gregg agree to serve in the Zero’s administration?
Agree with the article.
Thanks for posting.
The European model, or any other kind of Socialism/Marxism, will not work here. This is America. We are Americans. We are the only people on earth who have never been ruled by a king, tyrant, dictator, military junta, religious cabal or feudal lord. We have ALWAYS been free, and the quintessence of America, and her prosperity and her very being, is maximizing INDIVIDUAL LIBERTY while tolerating as little government as possible.
Europeans, OTOH, have NEVER been free. For them, Socialism was an extension of their having been "subjects" to rulers from the beginning of their nations. In fact, Socialism strikes them as a rather good deal, because under the present European model they still get the benefits and protection of the "King," yet have a little more freedom than they did, even as recently as under Hitler and Napoleon.
As the saying goes: Americans barely tolerate being governed. They will not be ruled.
Because of their history, Europeans are fairly comfortable with socialism. That is what has allowed it to "succeed" to the extent it has in Europe (though even Europe cannot escape the immutable truth that socialism ultimately fails because "you eventually run out of other people's money").
Here's a German economist's take on why European socialism can never be superimposed over American exceptionalism:
Obama's Misguided Approach: America Has Become Too European."
I don’t understand the utility in focusing on the messenger here. The message is true and horrible and deserves our utmost attention.
this was posted earlier that they are going to pass a 1% transaction tax after the election. HR4646 http://www.freerepublic.com/focus/f-chat/2586613/posts
This 1% tax will apply every time you make a deposit or withdrawal, pay a bill, or use an credit/debit card. If you pay your bills monthly, it will total 12% on your annual cost. but the insidious part of it is that they get you coming and going; money going in is also taxed. thieves. Starve the Beast.
from http://www.resistnet.com/forum/topics/obama-pelosi-reid-and-all
This is a 1% tax on all transactions to or from any financial institution i. e. Banks, Credit Unions, Mutual funds, Brokers, etc.
Any deposit you make will have a 1% tax charged.
Any withdrawal you make, 1% tax.
Any transfer within your account, a transfer to or from savings and checking, will have a 1% tax charged.
Any ATM transaction, withdrawal or deposit, 1% tax.
If your pay check or your Social Security is direct deposited, 1% tax.
If you carry a check to your bank to deposit, 1% tax.
If you take cash in to deposit, 1% tax.
If you receive any income from a bond or a dividend from stock, 1% tax.
Any Real Estate Transaction, 1% tax.
This Real Estate Tax will be on top of the 3.4% tax on Real Estate transactions already approved in the ObamaCare legislation
Gregg is part of the problem. He was on the Banking Committee and voted for the $700 billion bailout.
“Gregg Says Right-Wing Claim That Financial Reform Means ‘Open-Ended Bailouts’ Is ‘A Touch Over The Top’”
http://thinkprogress.org/2010/04/14/gregg-bailout-over-top/
Okay. But again, how does that take away from the message?
At some point, we have to focus on the message.
What is it you don’t understand? He’s not only the messenger, he’s done some of the damage that got us to this place.
Of COURSE he is! Why do you think Obamacare requires 1099s between ALL companies for ANY transactions that total more than $600 per year? It used to be only for pay to individuals (not companies or LLCs).
Now it’s for ANY cumulative payment of $600 or more to any single entity - individual or corporation.
Once that starts, you’ll have 99%+ of every dollar spent by businesses tracked and reported. Perfect, then, to simply state “now multiply that by X percent and send it in”.
The 1099 requirement of Obamacare is simply the ultimate positioning of the paperwork and systems required to actually implement a VAT.
Personally, I am on a consumer strike against this President and his economic policies. I am spending as little as possible. I will not, even a little, prop up this economic nonsense coming out of Washington right now. I will STARVE THE BEAST, so far as it’s within my power to do so.
For now, at least, they cannot make me spend my money and I WON’T.
It is a pox on our freedom. It is not a fee. It is an insiduous TAX. It's 1773 all over again.
These people more and more are trying to circumvent the political consequences of openly raising taxes by simply imposing hidden fees, individuals mandates, etc. This will not stand.
Look at what these cretins are doing:
Who has accounts at financial institutions? Not the people cashing their paychecks at Wal-Mart as soon as they get them. NO, people with money and who manage their money in an orderly way. Those people are "evil." They must be crushed and their wealth given to others.
Secondly, since these cretins do not believe what their lying eyes tell them -- that taxes DO CHANGE BEHAVIOR -- they are fat and dumb in their assumptions that if they impose this transaction fee that transactions will just go on swimmingly as usual.
Unfortunately for them, and fortunately for us, people who have money and manage it in an orderly way *usually* are not stupid. They certainly will figure out ways to manage their money so that they do not incur, or incur as little as possible, of these transaction taxes. However, this, in turn, will have the effect of reducing the profits of financial institutions and, thus, further Obama's goal of eliminating the private sector as a competitor to government.
Just read this yesterday and now agree that the Anticolonialism of Obama's father explains everything:
Yep, there is no other reason for the upcoming 1099 fiasco. Everybody will be passing around so many of them that a VAT will seem like the logical next step.
My point is: so what does that fact add to the discussion? Nothing. You have proven my point as we have now had several back and forth posts about Senator Gregg, not one of which has addressed the actual message.
I get that Senator Gregg has "done some of the damage." If that stops us from listening to pols warning about what the Obama administration has up its sleeve, we might as well stop up our ears right now. ALL of them in Washington danced with the devil at some point before the People rose up and began the process to set them straight.
Someone posts an article with a serious message and it seems like the first several posts are just focused on rino accusations. IMHO, that gets in the way at some point. But I'm perfectly happy to agree to disagree with you on this matter.
I just heard about the particulars of this TAX from tomd2 on this thread.
This monstrousity definitely needs to be watched, publicized and killed.
You also will have a lot of orders that ring up at $599.99.
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