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#1 (permalink) |
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Faugh a ballagh
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Mrs. Pelosi's VAT
Candor about taxes is rare in Washington, so when House Speaker Nancy Pelosi admits that Democrats may have to impose a huge new tax on the middle class to fund their spending ambitions, believe her.
Speaking with PBS's Charlie Rose on Monday, Mrs. Pelosi mused publicly about the rising possibility of enacting a value-added tax, or VAT, as part of broader tax reform. "Somewhere along the way, a value-added tax plays into this," she said. "Of course, we want to take down the health-care cost, that's one part of it. But in the scheme of things, I think it's fair to look at a value-added tax as well." The allure of a VAT for politicians is that it applies to every level of production or service, rakes in piles of money, and is largely hidden from those who ultimately pay it—namely, consumers. With a $9 trillion 10-year budget deficit, $4 trillion in spending in fiscal 2010 alone, and a $1 trillion (at a minimum) health-care entitlement in the wings, Mrs. Pelosi knows that not even the revenue from the expiration of the lower Bush tax rates in 2011 will cover the bills. Nearly every European country that has passed national health care has also eventually imposed a VAT, and it's foolish to think the U.S. will be different. http://online.wsj.com/article/SB1000...007010416.html
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#2 (permalink) |
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TSF Enthusiast
Join Date: May 2008
Posts: 1,317
OS: XP SP3/Vista/7 Server 2K/2K3/2K8
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Re: Mrs. Pelosi's VAT
So they argue that "a new tax is necessary to address the nation's exploding financial liabilities"? The liabilities that they themselves helped push through and continue to increase by more spending? I thought there wasn't going to be more tax increases? Oh wait, that's VAT not really Tax. I get it now...
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Computers make it easier to do a lot of things, but most of the things they make it easier to do don't need to be done. The inherent vice of capitalism is the uneven division of blessings, while the inherent virtue of socialism is the equal division of misery. Last edited by Basementgeek; 10-11-2009 at 07:07 AM. Reason: Language |
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#3 (permalink) |
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Asst Manager Hardware
Join Date: May 2005
Location: USA
Posts: 19,632
OS: XP Professional
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Re: Mrs. Pelosi's VAT
The Democrats never saw a tax they didn't like.
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#4 (permalink) |
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Moderator Hardware Team
Join Date: May 2007
Location: Houston, Texas
Posts: 12,190
OS: XP, Vista, Win 7
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Re: Mrs. Pelosi's VAT
I hate to spoil a good rant, but let's not forget that the biggest element of " exploding financial liabilities" is the largest deficet in history legacy of the Bush administration.
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Rich |
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#5 (permalink) |
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TSF Enthusiast
Join Date: May 2008
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Re: Mrs. Pelosi's VAT
Other than the deficit that's currently being run up which has dwarfed what he was left, right? I don't there's been any president in history that HASN'T run up a deficit in a time of war. Sure there is debate on the involvement, but the facts are the facts we were and are in a war and that factors in to the deficit issue, correct? Where WAS the deficit and where IS the deficit?
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Computers make it easier to do a lot of things, but most of the things they make it easier to do don't need to be done. The inherent vice of capitalism is the uneven division of blessings, while the inherent virtue of socialism is the equal division of misery. |
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#6 (permalink) |
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Moderator Hardware Team
Join Date: May 2007
Location: Houston, Texas
Posts: 12,190
OS: XP, Vista, Win 7
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Re: Mrs. Pelosi's VAT
Where is or where projected? . . Projections are only as good as the assumptions . . thus the projections on unemployment . .
We handed Pelosi and co. the majority they have . . it was certainly not due to anything they did . . Did anyone doubt that they would spend?
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Rich |
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#7 (permalink) |
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Moderator Hardware Team
Join Date: May 2007
Location: Houston, Texas
Posts: 12,190
OS: XP, Vista, Win 7
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Re: Mrs. Pelosi's VAT
We can argue about who is to blame for the deficit forever and it will not really matter . . what will matter is where we are in 2012 and more importantly in 1014.
Most unbiased economists expect that when the data is in, that we will have exited the recession in August or September of this year. While other indicators will surely lag, at that time, Obama will have to fight with Pelosi ( or whoever is in her role ) over how much of the stimulus package should remain in play versus how much they can afford on Health Care reform. We Republicans will be on the sidelines, tossing platitudes and whining . . totally impotent and helpless.
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Rich |
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#8 (permalink) |
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Moderator Relaxation Room
Join Date: Jan 2007
Location: Seattle, WA, USA
Posts: 3,426
OS: Win7 Ultimate
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Re: Mrs. Pelosi's VAT
So you say... but we have stalled the healthcare takeover pretty well :D
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We humans have a primal urge to kill because, thanks to natural selection, all the homo sapiens who didn't have a primal urge to kill, were themselves killed. http://obamaclock.org/ |
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#10 (permalink) |
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TSF Enthusiast
Join Date: May 2008
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Re: Mrs. Pelosi's VAT
But are they lies? Truly? Isn't it true that in cases where there are elderly patients that need costly treatment to survive that there will be panels to determine whether or not they get treated (sort of a cost/benefit analysis)? I mean since the liberal and obviously more enlightened among us look at the European model as the gold standard, and they do it there (and yes they do it there), why would anyone think it wouldn't be the same here? Because some politician promised it wouldn't happen? Kinda like the promises of no new taxes I guess...
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Computers make it easier to do a lot of things, but most of the things they make it easier to do don't need to be done. The inherent vice of capitalism is the uneven division of blessings, while the inherent virtue of socialism is the equal division of misery. |
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#11 (permalink) |
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Moderator Hardware Team
Join Date: May 2007
Location: Houston, Texas
Posts: 12,190
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Re: Mrs. Pelosi's VAT
Nothing I have seen in any of the proposals resembles the Euopean model . . ours is just insurance reform . . not the "take over of health care by the government" that the Busies an Rush claim it to be.
Nothing in any of the proposals mention panels to determine treatment . . again, nonesense spouted by Bushies, Palinies and Rush to obfuscate the facts. It would help if you actually read the proposals before spreading the BS
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Rich |
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#12 (permalink) |
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TSF Enthusiast
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Re: Mrs. Pelosi's VAT
Ahh...as I'm sure you have. Since there's still more than one, which ones? Do you really believe it's simply insurance reform? So when they become the biggest insurance provider, and most assuredly they will, you don't think they'll be able to completely control the direction our current medical industry takes? Do you really think they're in it to foster healthy competition?
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Computers make it easier to do a lot of things, but most of the things they make it easier to do don't need to be done. The inherent vice of capitalism is the uneven division of blessings, while the inherent virtue of socialism is the equal division of misery. |
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#13 (permalink) | |
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Moderator Hardware Team
Join Date: May 2007
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Re: Mrs. Pelosi's VAT
Quote:
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Rich Last edited by simpswr; 10-12-2009 at 09:43 AM. |
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#14 (permalink) |
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Moderator Hardware Team
Join Date: May 2007
Location: Houston, Texas
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Re: Mrs. Pelosi's VAT
My problem with the way the party leadership has decided to fight the Democrats is that in 2012 when we are making the arguement that we can manage the country better than they can, the audience says " sounds good . . but these are the same folks who told us there were death panels in the Health Care Reform, that Obama was not born in the U.S., that he was a Nazi Socialist Terrorists and who stood by silently with their thumbs up thier butts while the Democrats crafted the Legislation"
I can't see how that will help us win the election
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Rich |
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#19 (permalink) |
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Manager, The Conversation Pit/Analyst, Security Team
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Re: Mrs. Pelosi's VAT
This is not a health care debate.
I am the one who predicted 3 years ago that the liberals would raise my taxes......... and I make less than BHO's cutoff for tax hikes.
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