Reply #4: That is a strawman.

[Statistical]

Doesn't change the fact that the idea in the OP is silly.

Of course so far govt deficit spending hasn't changed the recovery from jobless recovery to real recovery.
Even if it were you can't get something for nothing.

I mean why stop at deficits. Lets take it to the logical conclusion. If what is proposed in the OP worked why not just do this:
The federal reserve could simply print $14 trillion take that $14 trillion give it to the Treasury.
The treasury will then pay off every outstanding T-bond.

TADA!!!! magic just like that 200 years of federal debt gone. Why can't we do that? Once you figure that out it becomes obvious the OP is simply a smaller version of the same "wealth from nothing" silliness.