Graphs of the Day on Keynesian Stimulus: All that Jazz but still Nothing to Show For

From Cato’s David Boaz (chart above and the following except)

this was the recovery that was aided by the largest Keynesian-style big government “stimulus” since World War II. Since 2008, total federal “stimulus” has been $4.6 trillion, as shown in the chart. As a share of GDP, recent deficit spending has been far greater than during all other recessions since the war.

Biggest Keynesian Stimulus + Slowest Recovery = Time to Rethink Keynesian Theory.

Following the Keynesian doctrine, the US government threw the proverbial “everything but the kitchen sink” on demand side management.

Not only has the econometric model elixir failed to accomplish the purported goals, but importantly, such measures has exposed the US fiscal balance to even more undue risks. (chart from Heritage Foundation).

Yet for them, it's never enough. And given that policymaking trends have been mostly influenced by this ideology, one can be assured that what is unsustainable won't last; accrued imbalances fostered by such measures will be unraveled in the fullness of time.