Thursday, July 24, 2008

Ron Paul: Housing Rescue Bill Has Provison That Will Require All Credit Card Transactions Be Reported To The IRS

Texas Congressman Ron Paul, in a 7 minute video message, has spilled the beans on the so called "Housing Rescue" bill just passed by the House, and soon to be passed by the Senate.

The bill is some 600 pages long. Sneaked into the bill is a provison that will require that all credit card transactions be reported to the IRS.

Further, the bill gives approval to increase the national debt ceiling by $800 billion. It also requires that those in the mortgage industry be fingerprinted.

With 600 pages, who knows what else was sneaked into this bill? With 600 pages of legalese, you can sneak in a lot. Once the report is in its final form, we are going to attempt to read it, and file a complete report. Check back.

Here's Ron Paul:

13 comments:

  1. If you can use merchandise exchange, use gold, silver to pay, or cash. Don't keep any money or valuable in any Banks, only that much money what you really need for automatic deductions if you have any. From your extra money buy gold, silver, those has they own value not like those piece of printed papers what we are calling money. The big apple is started to rotting fast inside, get ready when it's fall.

    ReplyDelete
  2. God, it's pathetic to see all of these illiterate stooges who post on the Internet. What an incredible indictment of the public "education" system.

    I'd like to think that there's something in the web sites themselves that causes these incredible errors, but I doubt it.

    ReplyDelete
  3. Thank God for Ron Paul who is willing to let us know what really is going on.

    ReplyDelete
  4. Next, Big Brother will abolish cash and make us use the credit card transactions he is tracking.

    ReplyDelete
  5. Brandy InfluencedJuly 24, 2008 at 6:16 PM

    @Anonymous 2

    Anonymous 1 may not be profocent in the English language, but he sure seems to get how overbearing Bg Brother is getting, and some ideas on how to deal with it.

    You may need him someday. When the government says "no" to you, he will be there for you.

    ReplyDelete
  6. We need Ron Paul to file a new bill that makes any bill's maximum length 100,000 words or less, including all provisions, addendums, attachments, etc., etc., etc.

    How 'bout them apples?

    ReplyDelete
  7. I'd go one step further in restrictions on Congressional bills. Any congressional bill should reference one and only one issue. This would stop the practice of sneaking stuff in or of attaching stuff to bills that politicians "can't" vote against (like anything purported to support the troops).

    This would allow us to see exactly where the politicians stand on the issues. It would also take away the excuse Congressmen and Senators use for voting in these awful things (they HAD to vote for it because it was coupled with XYZ that they do support). Also, political campaigns couldn't use the "voted against XYZ" claim to smear someone who voted no because of the add ons.

    Of course, they often don't read any of the bills anyway -- they just rely on their donors to tell them which way to vote. I don't think it would change their behavior -- but at least it would force them to do it openly which hopefully would wake the masses the *#%@ up.

    ReplyDelete
  8. Scarlett, check out these two campaigns:

    Read the Bills Act:
    http://www.downsizedc.org/etp/campaigns/27

    And the One Subject at a Time Act:
    http://www.downsizedc.org/etp/campaigns/83

    ReplyDelete
  9. They FED/IRS or Justice wouldn't need a report! They can easily obtain those data from the Credit Card companies, which do the already randomly.
    There is no way to hide your financial tracks if you have a bank account! Of course you can switch to cash - gold or other precious metals is laughable - try to pay your plumber with a gold nugget.
    Moreover the sheer amount of data of all credit card transactions is gigantic and the IRS f. e. doesn't even have an efficient computer system.
    You would have to map all tax payer records to their credit card transactions and there is already a big problem - the tax id is not always part of the credit card data and lot's of US citizens have credit cards from foreign banks which don't require such ID's.

    ......forget it.

    ReplyDelete
  10. "They FED/IRS or Justice wouldn't need a report! They can easily obtain those data from the Credit Card companies, which do the already randomly.
    There is no way to hide your financial tracks if you have a bank account! Of course you can switch to cash - gold or other precious metals is laughable - try to pay your plumber with a gold nugget.
    Moreover the sheer amount of data of all credit card transactions is gigantic and the IRS f. e. doesn't even have an efficient computer system.
    You would have to map all tax payer records to their credit card transactions and there is already a big problem - the tax id is not always part of the credit card data and lot's of US citizens have credit cards from foreign banks which don't require such ID's.

    ......forget it."

    yes , yes, ok...

    sooo why is it in the Bill then?

    plus i'd just like to add Ron Paul is a truly great man.
    i'm not even American.

    ReplyDelete
  11. I've been thinking of going cash just to get out of the system and away from credit card tracking. Gold does have its place but, as mentioned, isn't spendable. Some things can be even more valuable than gold. Consider New Orleans after Katrina. You have a rifle and 1000 rounds of ammunition. Would you take *any* amount of gold for them and give up the ability to protect your family and property?

    ReplyDelete
  12. "And they could not buy or sell, unless they had the mark of the beast..."

    I am not a big prophecy person, but it seems fitting...

    Why does the Gov't want to track credit-card expenditures?

    We have a systematic deflation in speculative investment vehicles (housing slump, stock slump, banking slump) combined with a burgeoning inflation in Fed-issued credit(FRN $$).

    Gov't's income will be less, due to economic slowdown, AND it will be worth less when they do get it (taxes). Add to that people who exit the traceable economy...

    Best to track everyone's spending to know how much to tax them...more accurate than taxing income. How much income off-the-books? Lots, with more coming, I'd say

    ReplyDelete
  13. LochNess: I still like how Ron Paul puts it: "Let's eliminate the income tax and replace it with...nothing."

    ReplyDelete