To anyone who thinks deficit spending is bad maybe its time it breakout the old highschool history books.
Last time we were in a depression on a scale similar to this was 1929 and it was caused by guess what the american people buying things with money they didnt have shocking isnt it.
Lets look at some of the ways we crawled out of that one who knows maybe its happening today too.
Spending on public projects. Check
Investing in new technology. Check
Increasing benefits to the jobless. Check
Help build up a new world class industry. Check ( if this one confuses you it was aircraft manufacturing back then and now its the green industry)
Why do we study history kids so we dont make the same mistakes over again. Maybe it would of helped if Bush ever thought of that you know with his two military quagmires and his sweeping deregulation of big business.