In times like these, deficit spending to pump up the economy doesn’t make me feel more confident; it makes me feel more insecure because I see a political system out of control. Deficit spending wouldn’t induce me to hire and expand if I were magically transformed into a small businessman. It would scare me because I conclude the growth isn’t real and they know big tax increases are on the horizon. It wouldn’t make me feel better if I were miraculously elected as a political leader. Lacking faith that I can wisely cut the debt in some magically virtuous future, I would see my nation careening to fiscal ruin.
Is it so hard to go to public opinion poll data to try to figure out what people think, or to acknowledge that you don’t know what they think when, like, your only source of information is what you think about the topic? No – it isn’t so hard. This is a particularly annoying pundit trick.