BOHICA, ladies and gents.
Oh crap! Does this mean we have to thank him again like that dork in California did?
vat is not good...how about fair tax and no irs?
Make no mistake - this is a tax on the poor!
Well, if the Euros do it it must be the cat’s meow!!!!!!!
We all know that tax increases are coming. Obama has appointed this phony commission to make recommendations on how to reduce the deficit and national debt. The idea is to shift the hard decisions to some outside board, similar to base closings, so the Congress can avoid the responsibility and consequences for making hard decisions. The commission will recommend tax hikes and the MSM will aid the WH by supporting them explaining how much of a financial crisis this country is in.
If the Dems push this through before November, there will be a 400 Republicans - 35 Dems Congress in January of 2011. Another Bill for the Pubbies to repeal.
Yeah, just don’t call the Pres-ent a Socialist. Because he’s not one. /sarc
If you go to msn.com their news headline is “Middle-class taxes not in Obama deficit plan”. When you click on this link it goes to a story about Obama considering the VAT. Is MSNBC so confident that most of their readers are only going to read the propaganda headline and not the story that clearly is a contradiction?
“not one dime”....
Charles Krauthammer wrote last month, "as the night follows the day, the VAT cometh."
Right again.
I would love to have someone with a lot more legal horsepower than I comment on the legality of a VAT vs. the language congress used in setting up Roth IRAs.
The promise was advertised in layman’s terms as: “Pay tax on this money once, and no matter how much it grows over time the Feds will never tax you on it again.” Clearly a VAT is a violation of this promise, but I am certain that the Feds have always maintained some sort of sleazy legal hairsplitting way to get around their promise...
Bunch of amateurs.
Obama had full loyalty of the 50% who pay zero income tax.
Now a VAT will tax them, his most loyal supporters who thought that Obama would keep them immune from any taxes.
But the republicans and their incompetence will somehow find a way to rescue Obama from his own stupidity.
So don’t expect this VAT will end up hurting Obama in any way.
Does he want democrats to lose big in November?
It’s hard not to think so.
Translation: The Kenyan wants VAT so hard it makes his legs wobbly.
Duh’bumba and his butt-boy Volker can KMA!
Every country with a VAT from Greece to Great Britain also has a debt problem.
DC does not have a tax collecting problem, it has a spending problem. Until we fix that problem no amount of new revenue will be enough. No matter how much more money you give DC, the politicians always can find more "need" to spend it then you have money to give.
A VAT is as good a deal for Congress as “HealthCare”..
In fact, WITHOUT a VAT they really CAN”T begin to fund “HealthCare”....and Congress needs to have its toys to play with!! Oh yes we’ll get a VAT....
It’s long past time to acknowlege that Obama’s true Marxist diktat is simply this: that everything is the property of the State, and anything the proles are allowed to keep for themselves as the fruits of their labor is utterly at the whim of State apparatus.
“From each according to his ability, to each according to his needs.”
From the flames, Lenin smiles up at Obama’s administration.