Mostly the economy has built in automatic stabilizers such as unemployment compensation. Recession = less tax receipts = more unemployment, food stamps, etc = b

Mostly the economy has built in automatic stabilizers such as unemployment compensation. Recession = less tax receipts = more unemployment, food stamps, etc = bigger deficits untill the deficits are big enough to stimulate growth again. It would be good to get rid of the debt ceiling which is a ridiculous prop. Congress can do that. Secondly it would be good to give the federal reserve or other independent policy makers the ability to control payroll taxes to stabilize the economy in a pro-cyclical fashion. When the economy is booming, and we want to curtail inflation , increase payroll taxes, when the economy soft, lower payroll taxes.