Here's the thing: the VAT will be added and not used as a substitute a la a Fair/Flat tax which I could support. Added taxes in a recession are hindering variables that allow for prolonged and deeper fiscal crisis--a middle class tax hike; higher taxes on the wealthy (capital gains increases, estate (death) tax increases; and increases in retirement age is next, imo.
I love how Obama and the Dem goons on the Hill LOVE to touch third rails in a midterm. In the end, 2012 can't get here sooner.







