As @Darsan54 correctly and excellently notes, the real solution to recession is Keynesian market economics updated for the industrial age — deficit spending to stimulate the economy out of recession, and budget surpluses accumulated in times of prosperity.
In the last 50+ years, ONLY DEMOCRATS have achieved budget surpluses in the good years — LBJ in FY 1969 (passed in February 1968) and Bill Clinton in each of his last four years in office, under his REIGO (reinventing government) plan passed in 1993 without a single Republican vote (they predicted budget deficits; the opposite occurred), that led to the then-record deficits Clinton inherited from Reagan/Bush I to be reduced each of Clinton’s first four years, moving into positive [surplus] territory that increased the surplus each of his last four years.
The last time a Republican had a balanced or surplus budget was LIBERAL Republican Eisenhower (who Fred Koch, father of the Koch brothers Charles and David called a communist) in the 1950’s, with a top marginal tax rate of more than 90% on the highest income bracket, and one of the most prosperous eras of industrial and middle class prosperity in all of American history.
As @Darsan54 correctly and excellently notes, the real solution to recession is Keynesian market economics updated for the industrial age — deficit spending to stimulate the economy out of recession, and budget surpluses accumulated in times of prosperity.
In the last 50+ years, ONLY DEMOCRATS have achieved budget surpluses in the good years — LBJ in FY 1969 (passed in February 1968) and Bill Clinton in each of his last four years in office, under his REIGO (reinventing government) plan passed in 1993 without a single Republican vote (they predicted budget deficits; the opposite occurred), that led to the then-record deficits Clinton inherited from Reagan/Bush I to be reduced each of Clinton’s first four years, moving into positive [surplus] territory that increased the surplus each of his last four years.
The last time a Republican had a balanced or surplus budget was LIBERAL Republican Eisenhower (who Fred Koch, father of the Koch brothers Charles and David called a communist) in the 1950’s, with a top marginal tax rate of more than 90% on the highest income bracket, and one of the most prosperous eras of industrial and middle class prosperity in all of American history.