I am a deficit hawk, from the 1980's. I was extremely pleased when we elected Clinton, because I knew he was one, also. Then came Bush. Greenspan noted that under him, deficits were tools to gain House seats. He left us in a Deep Recession. The cure for a recession is getting money pumped into the economy. The Fed kept interest rates low and deficits did the rest. Inheriting an economy in recovery, Trump, and company, made deep tax cuts that resulted in corresponding debt. I would have little problem with all of the tax cuts, Reagan on, if they simply made equivalent cuts in spending, as you suggest. But, they increased spending. What you are saying now makes sense, in normal circumstances. The world is still in the throes of a pandemic and Europe is in the starting phase of an energy shortage. This is not the time to play games.