NY Times - Economists Agree on Government Spending

January 8, 2009

A Crisis Trumps Constraint
By EDMUND L. ANDREWS

WASHINGTON — As the ranking Democrat and then chairman of the House Budget Committee, Representative John M. Spratt Jr. of South Carolina accused President Bush for eight years of recklessly running up huge fiscal deficits.

But by noon on Wednesday, after listening for two hours as economists explained why it was crucial to run a large deficit — one that would triple the previous record and vault far above $1 trillion — Mr. Spratt looked shell-shocked...

Full Article at: http://www.nytimes.com/2009/01/08/business/economy/08fiscal.html?_r=1&th&emc=th