Obviously this is the time to radically cut spending, because deficits at these rates would just bankrupt the country.
Wow. Someone has been paying attention and knows what is going on. If there ever was a time to engage in a massive Keynesian experiment this is it. All the other 101 side conversations on this forum are totally ignoring the elephant in the room. We need the money and the interest rates are dirt cheap. Why in God's name would anyone be talking about NOT borrowing at a time like this?!