 |
| Money, money, money, it's a rich man's world... |
As the new figures come in - from:
The Federal Reserve,
The United States Treasury, and
The Congressional Budget Office - everyone is stating the politically unthinkable. America's: budgetary deficits, fiscal obligations, and overall debts are rapidly becoming unsustainable. Moreover, the solutions being presented are all extremely dire for our nation as a whole. Of course, if you are one of our regular readers, then you're not being caught by surprise... since we have been shouting this from the rooftops for a while now. Moreover, we are predicting much worse for the future, going forward.
***Watch this recent video clip, and read the rest of the article for our biting analysis....
 |
| Massive Spending Cuts or Value Added Taxes - probably both in near future. |
If you're thinking that a
Value Added Tax is equivalent to just another
Sales Tax, then you're an idiot.
Value Added Taxes are added to every step in the process from the production of raw materials to the retail transactions in the store. Consequently, they are a leading cause of inflation - in most western nations - which unduly harms those least capable of absorbing such egregious social effects. It amounts to a tax upon the poorest among us, since consumption bears no relative correlation to personal and accumulated wealth. The richest Americans will simply curtail their purchases commensurately, and the poorest among us will still need the very same necessities in life.
