With spending at nearly 25 percent of GDP and headed for more than 40 percent of national output, according to the liberal Progressive Policy Institute, how will the Democrats pay for it all?
The evidence points toward the way big-government, slow-growth Europe does it: the value added tax.
Working as a sales tax that you don’t get to see on your receipt, the VAT has proven to be a brutally efficient money machine in other countries. Maybe that’s why Speaker of the House Nancy Pelosi last month told Charlie Rose that a VAT was “on the table” as a solution to America’s fiscal liabilities.
The Senate bill’s “fee” on medical devices operates much like a VAT, and could end up being the model for future adoption of an unprecedented VAT on all goods and services in the United States. SOURCE
Tag Archives: health reform
There’s Socialized Medicine Burried in Obama’s Trillion Dollar Debt Plan
Dr. Steven West, president of the Florida Medical Association, notes that the economic stimulus bill contains a down payment on President Barack Obama’s plans for socialized medicine:
As Congress rushes its economic stimulus plan to the desk of President Obama, its grand vision of health reform has been secretly buried inside: rationing patient care and dispensing cookbook medicine. Read More
Here we go with secrets which Obama promised that would not be in the stimulus (spending) bill. He is taking this country down the road to socialist fast as I think he’s worried about the elections two years from now when he will loose control of congress! Have any opinions on this?
LINKS:
(1) Behind closed doors: Conferees re-lard-up the porkulus
