Taxes likely to rise eventually to tame deficit

Guardian.UK ^ | Tuesday April 6, 2010

[Bigtigermike]

The United States should consider raising taxes to help bring deficits under control and may need to consider a European-style value-added tax, White House adviser Paul Volcker said on Tuesday.

[cherry]

if by "entitlements" you include govt pensions, then by all means...chop away....

but folks....people with nice fat govt pensions have to realize that most Americans do not have defined pensions and will rely on SS....after working til age 62 or older, its not asking too much...

[cherry]

bamey and his rat ilk are not going away...unless patriots come out in full force this November....with money and fannies and votes....its curtains....

NO THIRD PARTY CRAP EVERY AGAIN !

[dfwgator]

All raising taxes will do is enable to government to spend even more.

[Myrddin]

I have nothing but the 401k I have been funding for 30 years. No white knight coming to the rescue. I will be funding those government pensions from my 401k savings as they are taxed upon withdrawal. Retire? Fat chance. I expect to go as some of my colleagues have gone...expiring with a calendar full of appointments and endless tasks. My employer should expect to see me running at 100% and plan for how to parcel out my tasks the day my expiration is announced.