Archive for March 23rd, 2010

VAT is a tax that you pay when you buy goods and services in the European Union (EU), including the United Kingdom. Where VAT is payable, it’s normally included in the price of the goods or service you buy.

The VAT is the biggest ATM machine in the world. And, as you say, it is used in Europe. And it is successful in bringing in cash because a small tweak of it, a tiny increase, which is hard to see in disguise, brings in a lot of revenue, and that’s why it’s liked in Europe and used.

The reason that people are talking about it here is because the expansion of healthcare is going to be so expensive under the Obama plans. Originally, the idea was that the cash cow would be the carbon tax, the cap and trade system, in which the government sells pollution rights.

The problem is that it’s been working its way in Congress, and in order to appease the Midwestern states that are coal producing and that are industrial and that would be ruined under a carbon tax, it has been re-jiggered so that over 80 percent of the permits will be given away for free. So no revenue.

So in the absence of that, the discussion of a VAT is beginning. link

This is how EU socialist countries are trying to fund their massive entitlements. Yet, they are still going broke.

Considering we already have 3 unsustainable entitlements, Social Security, Medicare and Medicaid, which have combined unfunded liabilities of 112 Trillion dollars, and now a brand new Health Insurance entitlement that will add trillions more to the debt, A VAT is the only way to prop up the system for a few more years.

1) Government now runs the financial system and controls all banks.
2) Government owns or controls 90% of the mortgages in the United States.
3) Government owns over 30% of the land in America.
4) Government has taken over most of the auto-industry.
5) Government has taken over the student loan system.
6) Government has now taken over the last piece of the puzzle, the health care industry.

There’s not much left, except for the energy sector and that’s next on the progressive agenda.

This going to end really badly. How’s that “Real Change” working out for ya?

Update:  Readers asked for references and clarification of items 2 & 3

Item #2

The dollar volume of mortgages financed at the end of 1995 illustrates the relative sizes of those intermediary markets: Fannie Mae, $770 billion; Freddie Mac, $570 billion; Ginnie Mae, $465 billion; and fully private conduits, $200 billion. Whereas Fannie Mae and Freddie Mac have about 65 percent of the market for mortgage intermediary services, they have virtually 100 percent of the market for securitizing conventional mortgages up to $207,000. CBO PDF

Fannie and Freddie, on the other hand, are in every market across the country, and they accommodate all conditions. This is their only business. Thus, they will continue to provide the widest range of options to the multifamily market. In fact, over the past year, when all of the other sources of mortgage capital left the market, the GSEs continued to meet industry needs. Some estimates suggest they now account for 85 to 90 percent of all mortgage debt issued.  commercialbanc.com

By the first quarter of 2008, more than 80 percent of all mortgages issued were purchased or guaranteed by Fannie/Freddie. ucsd

Fannie Mae and Freddie Mac are responsible for about 70 percent of all new mortgages this year, while the Federal Housing Administration accounts for about 20 percent. wallstreetjobreport

Item #3

It’s a map of how much land is owned in America by the federal government. They own nearly 650 million acres of land — almost 30 percent of the land area of the United States.
But look at how it’s distributed: It’s overwhelmingly in the West. Nevada is almost 90 percent federally owned land. Alaska is nearly three quarters federally owned. Compare that to the East. States are in the single digits. Even Texas is only 2 percent federally owned land. foxnews

This crusty relic of a Senator is the Chair of one of the most powerful Senate Committees, the Senate Judiciary Committee. You would hope that these progressives would at least learn about the founding of our country and the Bill of Rights, and Declaration of Independence (at a minimum) before being allowed in these committees, much less be allowed to run for elected office. However, when interviewed regarding the constitutionality of government mandated socialized healthcare, he declared it was allowed under the “Good and Welfare Clause”. Watch, but be warned this may cause blood to shoot from your eyes.

[youtube]http://www.youtube.com/watch?v=f0VYOa2BRbg[/youtube]

That’s right -just make this stuff up (including the rules) as they go.

What is the importance of the Senate’s Judiciary Committee

Established in 1816, the Judiciary Committee is one of the standing, or permanent, committees of the U.S. Senate. In 1868 the Senate directed the Judiciary Committee to examine and screen, for the full Senate, all Presidential nominations to the Supreme Court. Since then, one of the highly visible and very important duties of the committee is its investigations and recommendations about Presidential nominations to the Supreme Court.

-The Judiciary Committee quickly became a powerful influence on national legislation
-It is most popularly known for investigating nominees to the federal bench
-The Judiciary Committee receives the president’s judicial nominations from the full Senate for  investigation – The committee’s handling of nominations has been a subject of controversy almost from the origins of that practice…it is not unusual for committee chairs to further delegate responsibilities to subcommittees for reviewing lower court nominees.

This helps solidify the argument that all Congresspeople and members and appointees of the Executive Branch should be certified in American Constitutional knowledge. This clueless buffoon is one of the many in the Legislative Branch with no clue regarding America’s founding. What they do learn is used as a point of reference to promote progressivism, socialism, communism, Marxism, etc.. only

Please help educate America about the enemies of our Constitutional Representative Republic and how these traitors, both Republican, Democrat, and Independent, have no other goal for America that to have Lady Liberty holding a “Hammer and Sickle”.

Keep exposing these traitors and fight to remove them from Congress.