VAT: the end of economic freedom as we know it

The reason why elites in Washington would look to a VAT before increasing income taxes (and, believe me, higher income taxes are coming) is because not enough of the population even pays income taxes to make it worthwhile for the government to use the income tax structure to balance the budget... the government can extract the most amount of your wealth from a national sales tax.

Obama’s National Sales Tax

Turf wars! (So soon?)

Everyone knew this was going to happen (except Obama because he thought his Hopi-Changey Snake Dance would fix everything -- after all, HE WON and now he has his ring his prayer-plume!)

But some of us know how this will all end:

The dance ends with the drinking of an emetic, which makes the dancers vomit and this is believed to purge them of any dangerous snake-charms

Volcker Chafes at Obama Panel Delay, Strains With Summers Rise.