Bill Clinton: US Must Spend Its Way Out Of Crisis

No, me thinks not.

From the SnL crisis, the dot-com crash, and now to the crash of the housing bubble, spending provides a temporary respite, delaying the pain. This time is different, as none of our debts have ever been so huge (national debt, deficit, etc.). Better deflation from lack of spending, than inflation and a worthless dollar. Let the giants crash. We'll pick up the pieces and build something new. We can't spend our way to nirvana. Eventually, the day of reckoning arrives.

http://www.huffingtonpost.com/2008/12/06/bill-clinton-us-must-spen_n_148931.html