July 16, 2009
Nancy Pelosi, Speaker of the House, said today that she believes that the "universal" health care initiative could be funded without large tax increases. She indicated that this can be accomplished by "wringing more out of the system".
What does this political rhetoric really mean? Get ready if you owe anything to the Federal government. They're going to be coming after you like a collection agency of pit bulls on steroids. That will be step one, next expect new "fees" or value-added taxes (VAT) to be assessed against anything Americans currently enjoy, especially if the government thinks a particular activity/consumable is bad for you, a luxury item or morally questionable (e.g., gambling, porn, etc.).
Instead of putting resources into resolving the housing meltdown, investigating the mortgage companies and banks, and closely monitoring these organizations, all hands will be focused on the collection of federal debt and instituting the new "revenue enhancements".
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