Posts tagged as:

VAT

N’Obama in 2012 is Unrealistic

June 6, 2010

Some believe, including the much-cited article by Peter Ferrara at the American Spectator, that the current political climate surrounding President Obama will ultimately force him to either resign or make him politically unable to run in the 2012 Elections.  Here’s the thought:  Obama’s got the oil spill and the deepening Sestak scandal to deal with, [...]

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Obama Administration: the Tea Party Should Love Me Too

April 19, 2010

Why not?  Right? We all love Obama, and the Tea Party should too!  Just ignore your principles. Apparently, Treasury Secretary Tim Geithner had to let us all know on Meet the Press yesterday that Obama has done more to cut spending than Bush did (let’s just not consider the $787 billion stimulus slush fund and [...]

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Do You Pay Income Tax? Half of US Households Don’t!

April 7, 2010

What a gyp!  According to the latest reports from the Tax Policy Center (a Brookings Institute underling), a massive 47% of American households do NOT pay federal income tax because they either make too little income or are eligible for nullifying tax-credits! We all pay taxes in one form or another:  53% of us pay [...]

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CBO Snafu: Social Security to Start Bleeding in 2010

March 25, 2010

In the same week that the largest new entitlement program in 45 years just became law, the Congressional Budget Office (CBO) has issued numbers indicating that Social Security is going to pay-out more than it takes in not in 2016 as projected but in 2010!  The official “day of reckoning” has been moved from 2041 [...]

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Is There a VAT in our Future?

February 8, 2010

Shawn Tully of Fortune Magazine seems to think so.  In fact, he predicts that a value added tax (VAT) is the only practical solution to the exploding of deficit spending that is part of Obama’s mammoth $3.9 trillion budget.  Tully argues that there are really three options to get rid of our deficit: Economic Growth [...]

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