Stimulus was a failure overall, as the whole point of stimulus is not too simply save jobs. Thats the least it is suppose to do.
Maybe it needed to be bigger...
Nevertheless, everyone forgets that Keynesian theory assumes that when a govt engages in stimulus spending it can easily afford it. This is due to the fact, that govts ran balanced or perhaps surplus budgets in economic expansionary times.
Very few countries did, nonetheless we all engaged in the stimulus spending but we just made our debt situation worse and are now falling into a debt trap.
Meaning we stimulate and then get into a massive debt problem then end up with massive cuts that in the end erode all the benefits of the stimulus.
It just makes me go ??????????????????????????????????????
Imo the past is the past, the debt problem needs to be dealt with or we will just suffer in the future. No more stimlus is needed as it will not have an effect and is something we can no longer afford.
