We were smart to not raise taxes in 2008-2009 (lesson learned from Hoover 1928), but the stimulus, the wars, the programs need to be paid for and the debt needs to be paid down. It's time for us all to tighten our belts. If businesses have hired as many people as they currently can, then we need to raise taxes on those that have the most to lose by a total collapse, cut all unnecessary programs and waste, and start some major public works programs to further get the economy going again.
Re: Military Spending -- you realize that is essentially a major public works program. It is major stimulus spending and therefore good for the most part. As long as contractors deliver products on time and services as promised. To the extent we build more ships/planes than we really need--that is Keynesian, but the GOP never talks about that. Lobbyists won't let them. Dems seem to be the only party that wants to review what we spend on Military and see that we are getting the most bang for our buck (cut waste).