Posted by: bj | December 26, 2009

Argentina – Will History Repeat? – Is America Next ?

In 1902, Argentina was challenging America for the number 2 richest country in the world.  After 100 years of:

  1. The Argentina  politicians,  passing out the wealth of the working class,  through the entitlement process until the tax payers contributions LESS the government expenditures for entitlement programs caused the government to run out of money,
  2. The increasing government bureaucracy increasing government at all levels
  3. the government printing $$  to pay for all this because they had no more $$.

Caused inflation in 1989 of 3000%.  The Argentina currency was worthless. 

In 1994, the government tried to solve the  problem of increasing revenues to equal payouts by implementing  a VAT  tax.  For those who do not know,  a VAT tax is like a federal government sales tax.  Currently in the United States, only the 50 STATES  collect a VAT tax.  

In our opinion,  the OBAMA  BUNCH IS GOING TO IMPLEMENT AT VAT TAX in the near future, because there is no way for federal income tax   revenue to pay for the 400% increase OBAMA     SPENDING  IN THE LAST 11 MONTHS.    IF THIS HAPPENS,  IT WILL ACCELERATE THE FINANCIAL  CRISIS FAR BEYOND WHAT IT IS TODAY. 

We must stop this direction America is headed…., before it is too late!

As stated by Douglas Ross @ Journal.com: 

“We’ve seen this movie before. The Democrats’ populist plans can’t possibly work, because government bankrupts everything it touches. History teaches us that  and unfunded entitlement programs will be utter, complete disasters.”  
“Today’s Democrats are guilty of more than stupidity; they are enslaving future generations to poverty and misery. And they will be long gone when it all implodes.”       
  
 WILL HISTORY REPEAT ITSELF?   For the full story,  click on below. 

http://www.heritage.org/research/reports/2001/04/argentinas-economic-crisis-an-absence-of-capitalism

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