Oops there goes another promise — White House considering VAT tax

If you make less than $250,000 you will not have your taxes raised.  That’s what then Candidate Obama and now President Obama has repeated over and over.  Get ready for that to change in a big way, unlike the small, almost hidden taxes such as the tanning booth tax.

This really shouldn’t come as a surprise to anyone but the most naive amongst us.  Even before he was elected, many detailed the path that Barack Obama would lead us down if he was elected.

First, massively increase the deficit through a rapid expansion of government and huge increase in entitlement programs.

Second, declare that if the deficit spending is not gotten under control, the US will face bankruptcy.

Third, claim raising taxes is the only option to prevent the out of control deficit and the doom predicted in step two.

We have seen nearly a trillion dollars spent under the guise of stimulating the economy, even though most of the spending had little to do with jobs or infrastructure, and more to do with expanding social programs and funneling money into Democratic districts.

The Democrats rammed through Obamacare, which will likely have a true ten year cost of a trillion dollars or more.

Now, with Obama running up the deficit annually almost as much as President Bush did in eight years, a White House advisor slipped and publicly stated what many of us knew was coming down the road.  However, Obama wanted this to come from his “blue ribbon” deficit reduction panel, rather than having one of his advisers let it slip.

Allahpundit of Hot Air reports on how White House adviser Paul Volcker let the cat out of the bag:

We all know it’s coming, but I’m reasonably sure Volcker missed a memo instructing advisors not, repeat not, to mention this publicly until, oh, say, the day after Election Day 2012.

As it is, look for Gibbsy’s spin tomorrow to be, “B-b-but he was Reagan’s Fed chairman!”

Volcker, answering a question from the audience at a New York Historical Society event, said the value-added tax “was not as toxic an idea” as it has been in the past and also said a carbon or other energy-related tax may become necessary.

Though he acknowledged that both were still unpopular ideas, he said getting entitlement costs and the U.S. budget deficit under control may require such moves. “If at the end of the day we need to raise taxes, we should raise taxes,” he said.

While this isn’t a definitive declaration from the White House that Obama will push for a VAT tax,  the fact is that the Democrats spending spree is unsustainable, and there are only two choices.  Stop spending, or pass a broad-based tax increase.  Clearly, Obama and company have no intention of curtailing their spending, so that means it’s only a matter of time until they push for an across the board tax increase, most likely in the form of a VAT tax.

To quote the former Governor of Alaska, “how’s that hopey, changey thing working out for ya?”