I was responding to lsiberian's comment about settling the national debt with VAT.
How is air conditioning getting classified with the other sin taxes?
Insane is raising taxes for some, to give free stuff to others, when the number of those getting is approaching half of the country's total population. Insane is keeping those people in that position by not making them see that they could crawl out of their hole if they would just work for it, like their grandparents and great-grandparents did before Welfare. Insane is when politicians don't tell people that they're bad parents for allowing their kids to do whatever they want without thinking of the consequences. Insane is being a parent and being drunk, stoned or wired all the time, beating and neglecting the kids so the "parent" can pay for their habits. Insane is people squeezing off a few rounds in someone's general direction in populated areas because the intended victim "mean-mugged" the shooter. Insane is when giving someone the wrong kind of look actually effin' matters, to anyone.
Sorry, but I'm really sick of this shyte!
According to Alan Greenspan, former chairman of the Federal Reserve, a VAT is the really the least worst option for raising revenue.
And we must raise revenues to cover costs. Here is next year's budget.
Mandatory spending: $2.184 trillion (-17.9%)
$695 billion (+4.9%) - Social Security
$453 billion (+6.6%) - Medicare
$290 billion (+12.0%) - Medicaid
$0 billion (-100%) - Troubled Asset Relief Program (TARP)
$0 billion (-100%) - Financial stabilization efforts
$11 billion (+275%) - Potential disaster costs
$571 billion (-15.2%) - Other mandatory programs
$164 billion (+18.0%) - Interest on National Debt
Discretionary spending: $1.368 trillion (+7.0%)
$663.7 billion (+12.7%) - Department of Defense (including Overseas Contingency Operations)
US receipt and expenditure estimates for fiscal year 2010.
$78.7 billion (-1.7%) - Department of Health and Human Services
US receipt and expenditure estimates for fiscal year 2010.
$72.5 billion (+2.8%) - Department of Transportation
$52.5 billion (+10.3%) - Department of Veterans Affairs
$51.7 billion (+40.9%) - Department of State and Other International Programs
$47.5 billion (+18.5%) - Department of Housing and Urban Development
$46.7 billion (+12.8%) - Department of Education
$42.7 billion (+1.2%) - Department of Homeland Security
$26.3 billion (-0.4%) - Department of Energy
$26.0 billion (+8.8%) - Department of Agriculture
$23.9 billion (-6.3%) - Department of Justice
$18.7 billion (+5.1%) - National Aeronautics and Space Administration
$13.8 billion (+48.4%) - Department of Commerce
$13.3 billion (+4.7%) - Department of Labor
$13.3 billion (+4.7%) - Department of the Treasury
$12.0 billion (+6.2%) - Department of the Interior
$10.5 billion (+34.6%) - Environmental Protection Agency
$9.7 billion (+10.2%) - Social Security Administration
$7.0 billion (+1.4%) - National Science Foundation
$5.1 billion (-3.8%) - Corps of Engineers
$5.0 billion (+100%) - National Infrastructure Bank
$1.1 billion (+22.2%) - Corporation for National and Community Service
$0.7 billion (0.0%) - Small Business Administration
$0.6 billion (-14.3%) - General Services Administration
$19.8 billion (+3.7%) - Other Agencies
$105 billion - Other
Where do you propose we cut?
We got a 1.1 trillion dollar deficit. that is around 30 percent of our budget.