>Most economists would have predicted that. During tough economic times the government needs to spend more money, not less.
>
>Most economist are not advocates of Keynesian economics.
>
>Unfortunately there is a lot of sentiment for belt tightening here as well.
>
>Don't you see something fundamentally wrong with the theory that we can get ourselves out of debt by spending more money? How would that work for you as an individual?
It wouldn't. But that is a false analogy, no matter how often it is used. The government is a fundamentally different beast from an individual household. Economically it is not guided by the same rules.
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