Posts Tagged ‘Spain’

A Value Added Tax Will Not Reduce the Deficit!


Thursday November 18th, 2010   •   Posted by Randall Holcombe at 9:41pm PST   •   0 Comments

Politicians have been advocating a value added tax (VAT) for decades, and with the huge projected federal deficits interest in a VAT seems to be increasing lately. Last Spring Paul Volker was suggesting one, and David Theroux recently noted in his blog Paul Krugman’s support. Alice Rivlin and Pete Domenici suggest a 6.5% “debt…
Read More »

As the Wall Street Journal reports in an article by Mark Whitehouse, “Number of the Week: $10.2 Trillion in Global Borrowing”: $10.2 trillion: The amount of money advanced-nation governments will need to borrow in 2011 As the debts of advanced countries rise to levels not seen since the aftermath of World War II, it’s…
Read More »

Facebook Twitter Youtube

Search MyGovCost