Last November we voted for big and bigger government, by virtue of the singles demographic.
VAT is the only wat to go.
Then get ready for government spending to rise to 35% and then to 40% of GDP... I know Obama would dearly love to have a VAT in addition to the Clinton income tax rates (and all of the other taxes). You'll never get the dems to give up any of their tax policies, so adding a VAT is just an invitation to more spending and ever larger government.
“VAT is the only wat to go.”
AGREE!!! We also need to raise the gas tax to about $5.00 per gallon (total), and let the Bush Tax Cuts expire.
All three of the above will get us closer to a balanced budget - maybe all the way, providing that the Republicans keep spending under control in the House.
I am SICK TO DEATH of the INGRATES, including many on this site, that insist on their goodies (like Social Security and Medicare) but want my kids and future grandkids to have to pay for it. If you want your GOODIES, then PAY FOR IT YOURSELF and leave my kids alone!!!
You do realize we will end with an Income tax AND a VAT right?