[BluH2o]

I've said it many times in previous posts & others at FR have said the same thing ... a VAT is only a matter of time. After Obama health care passed it's just a matter of when ... it's inevitable.

[tobyhill]

http://www.youtube.com/watch?v=k_7WUugsWng

“not one dime”

[Sleeping Freeper]

The news of our immanent takeover continues. At this rate, we're going to fall faster than the USSR....

[denydenydeny]

Higher taxes will solve the deficit. Right.

Imagine a compulsive, degenerate gambler who’s $50,000 in debt to loansharks who are threatening his life. Imagine “solving” the problem by handing him $50,000 in cash on Super Bowl weekend.

That’s about how well tax increases would work to solve the deficit. The problem is not the deficit. It’s the degenerate, compulsive spending.

[Oceander]

No tax hikes (neither in rates nor in the base) until spending has been cut to the bone, and beyond, first.

[SunkenCiv]

Wow, I never saw that coming. ;’)

[Myrddin]

The U.S. should take a cleaver to entitlement programs and hack them into near oblivion. They are unconstitutional uses of money confiscated from the taxpayers. They are also bottomless pits. More taxation is not a solution. The politicians will spend everything they collect in taxes and more. The politicians have no self control. They need some harsh limits imposed to keep them in check.

[Tzimisce]

Great - I was just thinking taxes are way too low. :)

[LuvFreeRepublic]

Didn't Thomas Sowell just warn us in a great article that they were going to do this?

[Zman516]

What “Mother” Volcker and his comrades never will grasp is that jacking up taxes will result in less revenue collected as it suffocates economic growth.

Maybe these economically-challenged leftists will finally learn some basics.

[familyop]

Oh, yeah, they’ll continue to raise taxes frantically and in bizarre ways. But that won’t stop the default from happening. Government employees and special interest recipients often consider themselves to somehow be the great taxpayers. But such tax paying is rather circular, and they are the most hoggish of welfare consumers. Prepare for the sovereign debt crisis. The so-called recoveries are only good for buying time and making the inevitable more severe.

On the bright side, a default will be an opportunity to rebuild with much smaller government and leaders who aren’t affirmative action figureheads for anti-American constituents. It will be an opportunity to get some men back in leadership.

So avoid unnecessary personal purchases. Become more self-sufficient every month, and start a hobby at making something useful—a necessity.

[jwalsh07]

Screw you Paul.

[familyop]

And BTW, we’ve already seen globalization. We’re about to see the house of cards fall: deglobalization, if we can keep it.

[Nonstatist]

Thanks, Volker. How about another entitlement while youre at it ?

[Chode]

and America takes another one in the........

[spodefly]

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.

Yes, absolutely ... and we should never ever for one second consider that Government is too GD big and bloated and expensive and needs to be whittled down to size ... Only that it should grow and grow and grow and get bigger and bigger and bigger ...

FU Volcker and FUBO.

[nicollo]

The elites are all talking as if the VAT is a done deal. I see little resistance to it in the press, although there is some.

They won’t be able to get this through Congress before November. But if the pubbies capitulate, it’s done. The TPers should make this an issue loud and clear.

[EdReform]

Tax rates will rise when the Bush tax cuts expire at the end of the year.

[dfwgator]

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