The Keynesian prescription, AIUI, actually has two sides: the government should run a deficit (when necessary) during a recession and run a surplus during a rec

The Keynesian prescription, AIUI, actually has two sides: the government should run a deficit (when necessary) during a recession and run a surplus during a recovery. It's a damn shame that the Bush Administration didn't follow the second half of this advice for the past eight years, but that's no reason to ignore the first half now.