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Right. We blow a crater in our economy, and begin to listen to Keynes when he says that government dirt should be shoveled in as a land-filler of last resort. We shovel-in a fraction of what was lost and then freak out when the hole is not refilled and ready for pavement.

First, most of the debt racked up was not even remotely related to stimulus. So it's not like we have $6tn in stimulus. But mostly, even if it was, the hole we blew in our economy was much larger than even that $6tn.



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