We’re post-Keynesians now. During a recession, austerity only worsens unemployment and the lagging economy. Instead, a stimulus can help get the economy back on track, provided it’s spent on productive things like infrastructure and education (including job retraining). It’s analogous to using your credit card to buy an interview suit or dress. Then when times are better, you pay off your debts - as with the surplus during the Clinton years - and hopefully start saving again. But giving people who are already well off a tax cut during the strong part of the business cycle - increasing debt when you should be paying it off - is one of the worst things to do. Yes, Democrats are now the fiscally-responsible pay-as-you-go party.