Obama's economic advisors told him the stimulus was too small; he listened to his political advisors instead. That wasn't meant to fix the debt, though.
Austerity has been tried in a number of countries, notably the U.K. and Ireland, without success.
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Date: 2/7/11 01:27 (UTC)Austerity has been tried in a number of countries, notably the U.K. and Ireland, without success.