Paul Volcker a economic adviser to Pres. Obama said today that a Value Added Tax should be looked at to reduce our deficits. One problem with that: Economists say that for every *1% VAT would take in 1 trillion. With all that money in the hands of politicians do you reallly think they will use it for deficit reduction? I think if they got it they'll spend it.
*Correction 1% would be 100 billion 10% would be 1 trillion.
forgive me....please
Old Glory
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment