A Peek at the Price Tag
It seems that Mr. Obama’s campaign promise to only confiscate the income of the wealthy hit a mathematical roadblock. Class warfare got Obama elected, but it doesn’t pay the bills.
Reality is seeping into the White House’s surreal economic projections. Who would have guessed that annual trillion dollar deficits are not sustainable? But don’t kid yourself. Mr. Obama, Pelosi, Reid, Barney and company knew monstrous tax increases were required to support the transition from capitalism to European styled socialism.
Of course, these utopian miscreants had hoped the reckoning would be delayed until after the 2010 congressional elections. This would have given them time to complete the reorganization before their supporters realized that their incomes were on the Treasury’s short list of available donors.
It seems that Obama’s timetable was based on the assumption that the government could temporarily suspend the laws of economics with unbridled spending. This would have extended the introduction of a Cap and Trade energy tax and a 10% national sales tax (VAT) beyond the election.
But nationalizing banks and the auto industry was capital intensive. Without huge infusions of funds, the integrity of the US monetary system will continue to deteriorate, along with the value of the dollar. And Geithner’s ponzi scheme of buying the US debt with freshly printed money didn’t fool the international investors.
The 52% of voters who trusted Obama’s promise of a free lunch didn’t realize their incomes would be on the menu. They are now looking down the barrel of the largest income redistribution scheme in the history of mankind.
Setting aside the segment of Obama supporters who have never contributed a penny to the government, nor have any plans for doing so, there sits about 40 million Democrats and Independents who are about to get a remedial lesson in arithmetic and political reality.
These are the well intentioned, fiscally illiterate, trusting fools who voted for change and wanted the bragging rights for electing a product raised on affirmative action. They got what they voted for, and they are about to take the beating of their lives.
Obama is driving the country down the only path with which he is familiar. He is turning affirmative action into a government prerequisite.
Of course, affirmative action is nothing more than government sponsored economic and political discrimination against the productive segment of society. In Middle America this group is commonly called working taxpayers.
The average family in America earns about $50,000. In addition to their current income, Social Security and Medicare contributions, excise and capital gains taxes, state and local sales, excise, property and income taxes, Obama and friends attempted to squeeze another $3000 from their net incomes for energy usage (Cap and Trade).
After those nasty conservatives pointed out that Cap and Trade was a tax concealed in environmental clothing, the proposal pretty much fizzled, but Waxman and Markey are still pushing it. Undaunted, Obama and friends are now floating a Value-Added Tax (VAT).
Its implementation would reduce the buying power of the average family at least 10% (about $5000). A VAT will guarantee decades of the same double digit unemployment, second rate healthcare and the flat-lined economies enjoyed by the prosperity-adverse Europeans.
Get prepared! Obama’s policies are fermenting a taxpayer revolt unlike anything America has experienced since the American Revolution. It’s going to get ugly.
Reality is seeping into the White House’s surreal economic projections. Who would have guessed that annual trillion dollar deficits are not sustainable? But don’t kid yourself. Mr. Obama, Pelosi, Reid, Barney and company knew monstrous tax increases were required to support the transition from capitalism to European styled socialism.
Of course, these utopian miscreants had hoped the reckoning would be delayed until after the 2010 congressional elections. This would have given them time to complete the reorganization before their supporters realized that their incomes were on the Treasury’s short list of available donors.
It seems that Obama’s timetable was based on the assumption that the government could temporarily suspend the laws of economics with unbridled spending. This would have extended the introduction of a Cap and Trade energy tax and a 10% national sales tax (VAT) beyond the election.
But nationalizing banks and the auto industry was capital intensive. Without huge infusions of funds, the integrity of the US monetary system will continue to deteriorate, along with the value of the dollar. And Geithner’s ponzi scheme of buying the US debt with freshly printed money didn’t fool the international investors.
The 52% of voters who trusted Obama’s promise of a free lunch didn’t realize their incomes would be on the menu. They are now looking down the barrel of the largest income redistribution scheme in the history of mankind.
Setting aside the segment of Obama supporters who have never contributed a penny to the government, nor have any plans for doing so, there sits about 40 million Democrats and Independents who are about to get a remedial lesson in arithmetic and political reality.
These are the well intentioned, fiscally illiterate, trusting fools who voted for change and wanted the bragging rights for electing a product raised on affirmative action. They got what they voted for, and they are about to take the beating of their lives.
Obama is driving the country down the only path with which he is familiar. He is turning affirmative action into a government prerequisite.
Of course, affirmative action is nothing more than government sponsored economic and political discrimination against the productive segment of society. In Middle America this group is commonly called working taxpayers.
The average family in America earns about $50,000. In addition to their current income, Social Security and Medicare contributions, excise and capital gains taxes, state and local sales, excise, property and income taxes, Obama and friends attempted to squeeze another $3000 from their net incomes for energy usage (Cap and Trade).
After those nasty conservatives pointed out that Cap and Trade was a tax concealed in environmental clothing, the proposal pretty much fizzled, but Waxman and Markey are still pushing it. Undaunted, Obama and friends are now floating a Value-Added Tax (VAT).
Its implementation would reduce the buying power of the average family at least 10% (about $5000). A VAT will guarantee decades of the same double digit unemployment, second rate healthcare and the flat-lined economies enjoyed by the prosperity-adverse Europeans.
Get prepared! Obama’s policies are fermenting a taxpayer revolt unlike anything America has experienced since the American Revolution. It’s going to get ugly.
Labels: affirmative action, cap and trade, Obama, VAT
posted by David at
8:13 AM
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