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Bernanke floats trial balloon – eventually must deal with entitlements

By Steve McGough / April 8, 2010 /

The federal government has floated another trial balloon reminding American’s we’ve got some serious obligations to pay out in the next few years. They seem to be softening everyone up for tax increases and entitlement cuts.

Is today “float a stupid government idea” day?

By Steve McGough / May 27, 2009 /

Two stories from the news wire today just have me totally baffled. I’m not always thinking “we’re doomed”, but if the Obama administration is considering a national sales tax of 10 percent or more, and has a dork working for him who thinks painting all the roofs in the world white will help stop global…

More generational theft – White House adviser thinks VAT can work

By Steve McGough / April 7, 2010 /

If you’re all in, you might as well go all the way in. I was personally thinking Cap and Tax and immigration “reform” would be the next big items on the Obama administration menu, but that did not stop Paul Volcker from sending up the value added tax (VAT) trial balloon yesterday.

Blasting the Pelosi VAT trial balloon

By Steve McGough / October 14, 2009 /

At least I hope it is a trial balloon. Last week I wrote about a possible value added tax, as suggested by House Speaker Nancy Pelosi (D-Calif.), and how her words implied she wanted to kill employer-based health plans and effectively turn our health care system into a single payer game. The Center for Freedom…