VAT Time? - Bruce Bartlett - A money machine that conservatives shouldn’t oppose - interesting logic - Forbes

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Don’t Worry About The Debt Tsunami - Mark Sunshine -  It looks like in the next few years newly issued Treasury and agency guaranteed residential mortgage debt may create a debt tsunami that will swamp the economy. Fortunately, looks can be deceiving. - Sunshine Blog

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Spendthrift Sunbelt States - NICOLE GELINAS - Arizona, Florida, and Nevada have run through the riches of their boom and are starting to look more like cash-strapped New York. - … Over the last few decades, when New Yorkers and Californians tired of paying high taxes to fund big government, they tended to migrate to what we might call the JetBlue states: Arizona, Florida, and Nevada. In those three low-tax refuges … Now that the growth of the low-tax states has hit a wall, shattering revenues, they face a tough choice: they can raise taxes to fund permanently higher costs, … - City Journal   thanks Ira Artman