If we begin to enter another recession, should we immediately raise the debt ceiling and pass a stimulus bill?
My idea spawned from this article about a recent Robert Reich lecture. who is one of my favorite economists. As politically unpopular as it would be, he calls the national debt a non-issue in the current economic climate. Historic convention (by my understanding) is we spend our way out of a recession, arguably the most important role of the federal government.
Some economists are forecasting a second recession now would be even more vicious than the one in 2008. What do you think? As well as answering the question, feel free to suggest what a good solution to avoiding a second recession would be, or what we should do if we enter one.
This question is in the General Section. Responses must be helpful and on-topic.