The problem with Keynesian macroeconomics is that people keep getting it wrong. You're supposed to cut spending when times are good, and possibly raise taxes in the bargain, in order to run a surplus. This allows you to either pay down debts run up during the last recession, during which you were supposed to run a deficit in order to keep the economy from imploding, or sock away the money into a rainy-day fund for the next recession.

What's being done in many parts of Europe, and what the Republicans want to do in the US, is the same crap Herbert Hoover tried doing. Is there a Greek equivalent of "Hooverville"?
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