The Keynesian Stuff Will Not Work After You've Lost a Lot of Fiscal Virtue

It is very hard to know how much of this Keynesian stuff Will work after you've lost a lot of your fiscal virtue. We don't know the precise point at which it stops working and Somebody like Paul Krugman who I think is a genius thinks he's more optimistic about doing well with various Economic tricks than I am. It's very dangerous to go low on fiscal virtue in the U.S., but we want to be able to do what we did in the Great Recession where we avoided a huge calamity because we had enough fiscal virtue left so The economic tricks would work.