Should the Feds be handed all of your credit card transactions?

Should the Feds be handed all of your credit card transactions?

Senator Dodd is trying to pull a fast one in HR 3221 by slipping in a provision, totally unrelated to preventing foreclosures, that would require that personal credit card purchases must be reported to the Federal Government. "The bill specifically targets payment systems like eBay's PayPal, Amazon, and Google Checkout that are used by many small online businesses. The privacy implications for America's small businesses are breathtaking."

Could this information be used in criminal IRS investigations even though the data was collected without the issuance of a search warrant, despite a person's right to be free from self incrimination?

Would people have to agree to waive their 5th amendment rights against self incrimination in order to obtain credit from a private bank? Will this even be pointed out as a condition on a credit card application?

 This has nothing to do with terror. It is about looking for more money the government can grab. Senator Dodd seems to thing that the money collected is what your right to privacy is worth.

This would let the feds know who you contribute to, what causes you support, what you subscribe to...all unless you pay cash !

Do you believe the Federal Government should have a right to DEMAND that credit card companies and banks send them a list of all of your transactions?

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