I have the charts here, spending, recessions and debt to gdp, let's look. In the 92 recession here was no real stimulus, debt to gdp rose then after Clinton surpluses (reduced spending and higher taxes, debt/gdp fell). Debt to gdp barely rose after the 2001 recession, but that was not a real recession, it got revised away. Then in 2008 we did stimulus and nearly doubled the debt/gdp. The only time debt/gdp drops is when we raise taxes and cut spending.
Whatever the bozos from Berkeley found, it is not reliable in the USA, just forget it and write it off as another Kanosian white wash.
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