Nice article. I even reference it at: Saving = deficit.

There are a few details with which I disagree, but perhaps the most important one involves your recommendation about increasing the deficit by reducing taxes.

You say, "Increasing G is slow." Actually, increasing G can be almost instantaneous. Remember the very first stimulus attempt, where the government mailed out those $500 checks to taxpayers?

By contrast, reducing taxes usually involves extended Congressional debate, while all the special interests distribute their bribes.

That said, I do agree with the FICA holiday. With the assistance of Warren Mosler and Randy Wray, I wrote this post:

Ten Reasons to Eliminate FICA

Good job.

Rodger Malcolm Mitchell

Comments on winterspeak.com: Private Savings is the Federal Deficit