The Value Added Tax (VAT) - savior of the deficit is it's billing. Cut spending is the savior of the deficit. The VAT is being touted as a tax on "business". It is said to only be 2-3% sales tax on purchases between businesses. The retail buyer will never see the TAX. (Which is true, it's another hidden tax set to make you angry at your retail store clerk not your Representatives)
This is how it works as an example:
1) A farmer is able to sell a bushel of corn for $1 to the mill and charges the mill a VAT of 2% of the increased VALUE that the farmer derived from the seed. The cost of the seed corn and every cost that went into producing it to get it to the mill was 85 cents. Therefore the farmer added 15 cents to seed value. The mill is charged a VAT of 3 cents by the farmer and that 3 cents must be sent to the OBAMA by the farmer.
I just submitted the following response to questions about my Christian beliefs in an online debate and I thought you might be interested.