and unemployment low, benefiting our children with additional income, goods and services. . Won't increasing the deficit by eliminating FICA, cause inflation? President Carter had modest deficits and high inflation. President Reagan had the highest deficits in American history and modest inflation. Contrary to popular wisdom, federal debt has not caused inflations, recessions, high interest rates or any other negative economic effects. On the contrary, large deficits have been associated with economic growth. . In summary, we offer new thinking -- an accounting fix to an accounting problem: Eliminate FICA and pay for Medicare and Social Security the same way we pay for Congress, the military, the Supreme Court and every other federal agency, by functionally folding these two agencies into the general fund. The economic crisis has presented us with the rare opportunity to accomplish two important goals: Permanently fix the seemingly intractable Social Security and Medicare problems, and energize our economy. The reason for FICA taxes is to stop the rightarded from destroying Social Security. We the people must be able to claim that we take nothing from capital and we owe nothing _to_ capital. We must be able to say that it is a savings program. If that is not the case then the representatives of the rich will convince the trailer park trash that Social Security is a welfare program and thus eliminate it as some sort of support for those who were spendthrifts and wastrels and/or those who did not wisely "invest". This has absolutely