Thompson, Derek, “Value-Added Tax: What You Need to Know,” TheAtlantic.com, 04/27/10

“A VAT could reduce the deficit and its announcement would signal to foreign investors that we’re serious about deficit reduction, reducing our long-term interest rates and making it easier to borrow. What’s more, if a tax on consumption discourages some consumption, it might encourage Americans to save more, which might not be such a bad thing considering an avalanche of consumer debt added to the last recession.”
http://www.theatlantic.com/business/archive/2010/04/value-added-tax-what-you-need-to-know/39524/