The battle over how to pay down the deficit is looming in Washington. Some liberals boldly promise to raise taxes and proclaim their willingness to take the heat for the decision. But now Obama has offered them a more palatable alternative -- raise taxes by increasing the VAT and hide it from the public by burying the tax into the purchase price of the product.
Left in the dust, of course, is Obama's signature pledge not to raise taxes on the "middle class." The VAT, which is levied every time anyone buys anything, falls on every citizen.
Of course, Obama could keep his pledge by the simple expedient of requiring everyone who makes more than $200,000 to be branded on their forehead with a big $ sign so that the clerk will know to charge him the VAT. But, perhaps that might be a bit too much, even for him!