Deficit hole: falling into VAT might be worse

Crosscut "With federal deficits running so high, there is talk of a national value-added tax. It would be a national sales tax, the mother of all regressive taxes." More here:  THE VAT MAN COMETH  "The other thing they won't talk about is true economic growth. The last time we killed off the deficit it was done through lower taxes and a growing economy. When did those rules change? "