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  Madness total and utter madness PaulB.
  
  There is merit to increased spending on capital projects in a slowdown and, indeed for allowing a deficit to build up to maintain current account spending.... BUT - when. at the start of that slowdown, you already have a massive deficit and high debt then all you are going to do is create much greater problems.
  
  Paul - the simple fact is that during a growth cycle you should allow economic growth and increased tax revenues to reduce and eliminate any deficit while repaying debt. Then at the start of the next slowdown you can allow a deficit and debt to build without economic damage.
  
  The starting point in important here and at the start of the slowdown we were in a hopeless position thanks to the Brown spending spree from 2001.
  
  Try doing what you said with your own credit card and see what happens.

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