of those 400+ agencies, are immune from bankruptcy. . If Congress authorizes the Treasury to make our Social Security and Medicare payments for us, thus allowing our take-home pay to rise, the economy will begin to recover. The elimination of FICA deductions would provide consumers and business with more than a trillion additional dollars annually, exactly what a healthy economy needs. . Won't this increase the federal deficit? Yes, but President Nixon's signature guaranteed the government never will run short of money to service its debts. This act removed taxes as a necessary source of federal money. Together with federal spending, taxation became a mere tool to create optimal output and employment. Whatever deficit accomplishes that goal is the right size. . Doesn't a large deficit cause higher interest rates? No, interest rates are set by the Federal Reserve. The government can set rates at any level it wishes. . Doesn't a large federal debt create a shortage of lending funds? No, the more money the government pumps into the economy, the more lending funds are created. . Won't our children have to pay for the increased deficit? No, the government owes the debt and easily services a debt of any size. Our children are not the debtors. (In many cases, they even are the creditors.) Because the "right" size debt will continue to grow forever as our economy grows, it never should be reduced or paid back. . Meanwhile, each year the increased debt will help keep output high