04/12/2010 05:12 am ET Updated May 25, 2011

Value-Added Tax: Why A Euro-Style VAT May Be The Only Way To Fix The Deficit

NEW YORK (Fortune) -- The gigantic deficits the Administration is projecting are appalling, and they provide a chilling look at our future: America is hurtling towards a fiscal trap that is forcing us into the only option we'll have to restore budgetary sanity: A Value-Added Tax.

Read more on Feb. 8, 2010