Posted on 03/13/2012 6:37:09 AM PDT by SeekAndFind
You are on to something. It will just be in degrees. There have already been proposals to Federalize IRA/401k type accounts in the guise of "protecting" the account holder from adverse market conditions. The government would take all of the private account balances and replace them with a government guarantee of a low, but allegedly safe, rate of return. I think some of the EU countries have flirted with this idea, as well.
Solve their problems for a year or so maybe...
The plan was a VAT all along, but the 2010 election derailed it.
It’s probably “secret” cause it turns out to be something like “Can’t we just pay it off with a credit card?”
sfl
He’ll pay it from his stash...
Most would-be tyrants are very clear and open about their plans well in advance.
Raise Taxes, Borrow More, and then Apologize Blame Bush.
Fixed that for ya...
They can always manufacture more problems that require the peasants to sacrifice more of their freedom.
LOL! Does he have any of that left after paying for everyone’s car and rent in the hood?
Who says manufacturing is dead in the US?
If you mean that we have been deficit spending for a better portion of the last 50 years, then yes, we have a "spending problem".
All of us have certain programs which Uncle Sugar has implemented that we don't want done away with - AND - a vast majority of us are not willing to pay for them from current revenues. So we allow the Congress, year after year, decade after decade, to spend more than it recieves.
Liberals always want to tax and then spend more.
The Republicans are as much to blame as the Democrats here. Since we would tend to vote for the Republican, maybe we need to finally clean our own house first ....
The economy is already reeling with gas prices continuing to rise thanks to Obama, so adding new taxes will just push us over the edge.
While politically expedient, blaming Obama for the gas prices is not entirely accurate (but it is a lot of fun to throw the same mud back at them that they threw just a few short years ago :D ). It doesn't help us actually solve the problem.
Obama won’t rest until the US is in a new Great Depression with half the country standing in government bread lines.
We are already there, and have been for quite some time. The Government has been using deficit spending to pump GDP - remove the deficit spending from the equation (including trickle down via consumer spending that would not occur without handouts) from the GDP charts of the last 30 years and see how much "growth" really occured ...
I support Obama on this and would also like him to install a VAT and raise gasoline to European levels.
Why? Simply because the alternative (a totally crashed US dollar) is much, much, worse. If Americans (including half of FReepers) are not willing to budge an inch on Social Security and Medicare (i.e., make it means-tested), then the we might as well suck it up and start actually paying for it. We’ll be MUCH BETTER off that way.
Welcome to Federal Jeopardy.
For $15 trillion, here’s the answer.
This is the solution to any conceivable problem of mankind.
BZZZ What is give the executive more power?
YES!!!
Since it was done under a similar economic circumstance, maybe the US government has in the economic plan to, at some point, confiscate privately held gold bullion. The reason will be to support the dollar’s value to assure repayment to the creditors.
Why do people think the president, or anyone for that matter should ‘manage’ the economy?
That’s just saying they think we should have a command and control economy.
The country has drifted stunningly far from the idea of freedom.
Those who do not learn from history are yet again repeating it.
"Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take; but as for me, Give me Liberty, or give me Death!"
That is why they have not passed a budget in 3 years!!!!
They just pass continuing resolutions AT CURRENT LEVELS locked-in at the +stimulus amounts.
If they passed a real budget it could only increase from 2008 levels (+ 6% per year since then)
There is no secret. DC is going to burn like Rome. History ... is the truth.
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