Volcker and a VAT

We’ve been informed by President Obama and his advisers that our country faces an economic struggle for a number of years to come, perhaps even a decade.  That warning was before Healthcare reform, before the US Environmental Protection Agency [EPA] imposes whatever punitive insanity it has in store for us as it regulates the “environmental hazard” that it has determined carbon dioxide to be.  And, as I was writing this paragraph I came upon the news blurb of Paul Volcker saying that a VAT [Value Added Tax] and a general rise in tax rates are possible to tame the deficit.

All of those things, individually, would hurt our already ailing economy, hurt an economy that is already on artificial life support.  Combine them and no amount of federal bailouts and “stimulus” will save us.

I am a long time supporter of the Fair Tax.  In fact, some might even say I’m down right passionate about the Fair Tax.  Frankly, I do not believe anyone is serious about repairing our economy, our long term jobs outlook, or our national debt nightmare unless they embrace the Fair Tax.

As I read the blurb about the possible VAT in our future I couldn’t help but wonder if these folk are deliberately trying to kill the country.  That’s a sort of personal milestone for me.  I’ve never before thought along those lines, and I find it very disconcerting.  So disconcerting that I’m just gonna leave this post undone and come back to the issue tomorrow evening.