POLLIWOG (Tadpole): the early stage of an animal that will eventually become a frog, hoping to be kissed by a princess, turning into a prince! POLIBLOG (Political Blog): the early stage of a center-right political blog that may eventually become a full blown blog of the center-right. Join in if you find any merit in the comments. If you are on the left and disagree, feel free to straighten me out! Who knows, with effort from all of us this blog may turn into a prince!

Location: San Diego, California, United States

Monday, April 12, 2010

Beware VAT: VAT is a fix for spending addicts!

The Washington Examiner explains why VAT is a very bad idea at this time!

The closing paragraph:

"That's why the fundamental problem here is not that Americans pay too little in taxes, it's that Washington politicians can't stop spending more and more of our money every year. By 2020, according to the Congressional Budget Office, federal spending will equal 90 percent of the country's gross domestic product. So our politicians clearly have no intention of checking into spending rehab. They're counting on getting that euphoria with the VAT fix. If they do, the rest of us will be left with a dead economy."



Post a Comment

<< Home