The only solution to our $40 trillion debt problem is a value-added tax
As the U.S. national debt reaches $40 trillion, Peter J. Tanous argues that the massive deficit can only be addressed through a significant revenue-generating measure like a Value-Added Tax rather than through insufficient spending cuts.

<p>As the U.S. national debt reaches $40 trillion, Peter J. Tanous argues that the massive deficit can only be addressed through a significant revenue-generating measure like a Value-Added Tax rather than through insufficient spending cuts.</p>