Deficit spending is a good cure for recessionary times. But, since Reagan, the Republicans have used it as a norm. They cut taxes to the well off, in a stated hope to increase enterprise. But, it is the government spending that does. This "borrow and spend," approach gives the impression of a strong private economy, where there is not one. The people who benefit from lower taxes do not spend their own money to fund capitalism. As Republican Ben Bernanke, the architect for our recovery from the 2008 crash and deep recession said, the access to borrowed capital is essential for a strong economy.
