V.A.T. for America? WTF?

Okay, I lived in England for 4 years...these people hate the way their country is governed and now the great USA, is adopting similar methods?  I seriously think that the Obama administration needs to spend more than a week or two in Europe to understand how horrible of an idea it would be to create a V.A.T tax for Americans.  V.A.T. means value added tax.  It is added to EVERYTHING from yogurt to gas.  It is one of the many reasons that Europeans can not afford their own vehicle, but lucky them they have an awesome public transportation system.  America lacks in the public transportation department outside of the major cities.  When gas goes up to $6 a gallon or milk up to $4 a gallon or when your favorite yogurt is $1.20 ... you will really feel the government in your pocket.  With the economy in a downfall, with very little signs of recovery adding taxes to everything so we can pay for a deficit that was caused by a government who blindly threw money at a problem without fully reviewing the situation and looking at other options -- it was like putting a band-aid on a broken leg, it was immature, thoughtless, and will cost the American people -- ALOT!

So... what happens if we don't pay our debt?  Well, for those of you who don't know we borrowed the money from China to help "stimulate" our economy.  And why would China even loan us this money?  Good question.  China has collateral!  What is the collateral though??  Some say they have a contract to seize eminent domain of U.S. property... others say it is the U.S. Federal Reserves.  In either case, they have something that our government doesn't want to lose... what are your guesses?  V.A.T is going to make life a lot harder for those pursuing the American Dream... Europeans will stay in Europe and who knows, many Americans might be running for the boarder!