Wednesday, April 21, 2010

George Will On Obama's New VAT Proposals

"Believing that a crisis is a useful thing to create, the Obama administration — which understands that, for liberalism, worse is better — has deliberately aggravated the fiscal shambles that the Great Recession accelerated.

During the downturn, federal revenues plunged and spending soared. And, as will happen for two decades, every day 10,000 more baby boomers are joining the ranks of recipients of Medicare and Social Security, two programs with unfunded liabilities of nearly $107 trillion.

In the context of this concatenation of troubles, the administration's highest priority was to put an enormous new healthcare entitlement on the welfare state's rickety scaffolding. Why? Because the liberals' lunge to maximize government's growth depends on quickly creating a crisis that can be called a threat to the entitlement menu, and to the currency as a store of value. Then the public can be panicked into accepting the addition of a VAT to the existing menu of taxes."

Mr. Will goes on to state that it is unlikely we'll see such a NEW TAX, and while most heartily concurring that it cannot happen LEGALLY, I'll add that the son of a bitch not only promised no new taxes for those earning less than $250,000 but has already de facto taxed us ALL by ushering in this ridiculous health care boondoggle...

So remember...

With help from other seditious bastards the man spat in the eye of the Constitution so never believe he won't do so again to bolster his claim to fame.

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