I was pretty clear
deficit spending isn't always necessary, but the idea that it is always a bad thing is wrong. This claim that we should never borrow money no matter how dire the need is not only preposterous it is dangerous. If we were suddenly thrust into a long major global war Congress would have no problem spending tens of trillions to fight it. Isn't our current economic crisis worthy of emergency action? Do you want an economic contraction on the scale of 1929 - 1932? GDP went from $103.6B to $58.7B by "letting them fail and having the market sort it out."