>>66
I said "spending more than it earns", not "spending". If Obama increases taxation then the US will be spending what it earns.
>>67
The situations you describe were more complex than that, you can't claim you spent your way out of recession when the economy would have recovered naturally anyway and you can't claim laissez faire policies deepened the depression when a minute earlier you were signing protectionism acts, also it could be argued that since the recession is lasting so long that short term measures like loans are no longer applicable. We need to look into greater detail into this.