Does stimulus stimulate when total debt is 360% of GDP? It seems to me that at some point, total debt becomes so large that it has to be reduced. Numbers only grow to infinity in mathematics. At some point, arguing about increasing debt with tax cuts or increasing debt with new spending is a moot point. Are we at that point?
I don't know, but government spending does nothing to help the economy grow and pay off debt. It only increases the debt.