It's a great question. The short answer is yes.
I think few would argue that the 2008-09 circumstances justified, if not a stimulus, at minimum not cutting spending to try to balance the budget in the context of dramatically declining revenues. The real question is, under what circumstances should we be in deficit? Is 1% growth or 1.5% growth a reason to adopt fiscal stimulus? Is 0.5% contraction in the economy a circumstance to justify—