I should clarify: I think the "stimulus not big enough" argument is fallacious. I think that government spending substitutes for private spending, rather than

I should clarify: I think the "stimulus not big enough" argument is fallacious. I think that government spending substitutes for private spending, rather than stimulating it. (e.g., dollars the government spends on tanks are not spent on goods desired by consumers. It may stimulate economic activity, but it reduces aggregate well-being.)