You left out a third person and his words Tueday. Paul Volcker, chairman of the newly formed Economic Recovery Advisory Board. Oh, by the way, their report is expected to come out after the November elections..


Taking a question at a New York Historical Society event Paul Volcker 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.



http://www.reuters.com/article/idUSTRE6355N520100406