o'nocchio - Obama administration is scheming to implement a VAT tax (young folks, middle class ..look out!)

o'nocchio's plans would not cut any other taxes, they'd just stack this 'consumption' tax on top of all other taxes, fees, penalties, paperwork, etc. etc. etc.  The EU pays upwards of a 20% hidden VAT tax on top of all other taxes!

video & commentary source: http://www.youtube.com/watch?v=hLiO622FeDg

Obama and the Democrats continue the outrageous borrowing and spending that happened under the Republicans and the Bush Administration, the Federal Reserve is printing money like mad, and the Chinese are putting pressure on America to maintain the value of the dollar (what the hell kind of monetary system relies on a communist authoritarian dictatorship to prop up its value anyway?)  The bill is coming due, and to avoid hyperinflation the Obama administration is scheming to implement a VAT tax, which will break his promise of no tax increases for those making under $250k / year.  The false "free market" Fed fraud Alan Greenspan proposed a VAT tax (what the hell kind of "libertarian" saves a bankrupt Social Security system by increasing Social Security taxes, and 20+ years later proposes a VAT tax to pay for big government and health care anyway?)  Geithner said new revenue streams will be needed.  That's where the VAT comes in.  The Republicans and Democrats have been screwing us over way too long - it's time to vote the bastards out and replace them limited government constitutionalists - Ron Paul Republicans and Libertarians.

John Q. Citizen has to balance a check book and can't spend what they don't have.   Why shouldn't government?  Note the debt figures at the top of this blog  ..passing skyward of $72T !!! (Put 12 zeros after the 72.)

---