The article is correcto-mundo, Keedy.

Once the Fed cuts the short-term rates to zero or near zero, that's one more tool in their arsenal to control or encourage economic growth that isn't working. And it's one step closer to increased taxes. Once the traditional tools used by the Fed don't work anymore, it's time to balance the budget--either by spending reductions, which are difficult as I've pointed out, or by increasing taxes.

Interestingly, we should be paying attention to what economic tools are working and those that don't seem to be effective anymore. The long-held theory has been that reducing interest rates will hype spending on capital goods, either housing, cars or major appliances by the consumer, or capital spending by corporations. Rates are near an all-time low right now and not too much increased spending has resulted. Maybe those with their fingers on the pursestrings have become motivated by something other than interest rates. Someone better find out what it is--in a hurry!