Updated from this plan that was general panned by both sides of the political spectrum, http://www.usmessageboard.com/politics/139425-ok-i-have-a-plan-to-reduce-the-deficit.html from October, 2010. I'm reintroducing it , as we now face a new reality. OK...I have a plan to reduce the deficit and debt. It will require a Constitutional Amendment that:1) Requires a National Balanced Budget 2) Would allow deficit spending ONLY in the event of a crisis and would require a 3/4 majority vote in Congress AND Presidential authorization. 3) Would institute a Value Added Tax, the revenues from which would apply 100% to reducing the national debt. 4) The Value Added Tax would sunset after the national debt was paid off. It could be re-instituted to pay off any new deficit spending that resulted from crisis deficit spending. 5) Would outlaw Value Added Taxes for any other purpose than paying off the debt. Yes, I know it is difficult to pass a Constitutional amendment, but I see no alternative. This could also free up the 8% of the federal budget that is used to pay the interest on the national debt, which, in conjunction with spending cuts and entitlement and defense spending reform, may allow for a balance budget. Critique?