>>>>The current deficits are in direct response to the worst financial crisis of our lifetime. The first stimulus bill was passed with Bush as president and with bipartisan support. Most Keynesian economists think the government should be doing more, not less, to goose the economy. Snapping the purse strings shut is viewed by Keynesian economists as a direct cause of the duration of the Great Depression and Japan's decade long slump in the 1990s.
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>>>FYP ;)
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>>I don't pretend to understand that.
>
>Fixed Your Post

Disagree on the second "cause" of second bolding ;-)

Japans current debt level just does not really speak for snapped purse strings shut.
If debt climbing from about average early nineties to nearly 200% of GDP
is not [fruitless] Keynesian enough, what is ?