With Obama’s enormous requests for spending and the Congress willing to oblige and write the checks, Volker feels we need a new tax to pay for the expenses.

Spending is at 25% of GDP and the new taxes will come from income taxes, a VAT (value added tax), energy tax, carbon tax or whatever. These taxes seem to be a “good idea”. Corporate taxes are already among the highest in the world. No wonder why companies move overseas.

Speaking of oversea, I have a relative who lives in Sweden and when they came to America, I was told he and his wife are required to put their kids in daycare at the age of three. The income taxes are 50%; therefore, both spouses have to work. I don’t know about you, but I enjoyed playing with the kids when they were three versus letting someone else raise them.

But back to needing a new tax; in my opinion, cutting out the waste and backdoor deals, such as buying votes in Louisiana to get the health care bill passed, cutting out spending for free education and health care for illegal aliens, etc. seems to be a better idea.

If strategies such as the VAT are “poison” in the U.S. because they are a bad idea, and all of the European and Mexican ways of running a country do not work, why try it here? Why not fix the problems there instead of having the U.S. taxpayers bailout out everyone.

Unfortunately, what the American people want is not the agenda of Washington – redistribution is.