>>65 Ever heard of the fucking New Deal? And what happened when they tried to reduce the deficit during a depression? Ever heard of Ronald Reagan? And how he spent like a drunken sailor to get us out of a minor recession? And left the country with its largest peace-time deficit in history?
At the rate our country can borrow, it costs a lot more money (even in the short term) to cut spending than it does to invest in our country. Hoover tried austerity when the stock market collapsed and he ended up making the depression astronomically worse.
Debt isn't that bad. Our's especially. But if you really did care about it, any economics professor/economist/turd with a brain and an economics textbook will tell you that creating jobs is the only fool-proof way to get out of it, and that's what every business channel is now covering.