Later, when savings increase, and when the government knows who has saved, the savings will somehow be used to reduce the national debt.
One way of doing this is that savings will be taxed, unless you invest in US treasuries.
Exactly - instead of spending the money - folks will lock them in savings accounts to be eaten by inflation. Good point!
So, does this mean that in the winter when my heat and electricity bills go through the roof, I will have to pay more taxes on whatever gets left? (scratching head...)