Actually, history does repeat itself...

As today, FDR was getting bashed through out the 1936 election for spending and pushed into a little experiment called austerity in 1937... If you look at the economy in terms of GNP for the decade of the 1930s and you'll plainly see how that austerity worked out back then... All but sent the economy all the way back to a fullblown depression...

B~