Deficit spending makes sense during a recession. If the government decreases its spending at a time when businesses and consumers have already decreased THEIR spending, it will just make the problem worse.
The economy needs an enormous stimulus package. Perhaps you don't realize how severe the situation is. This is no ordinary recession.
I agree. A huge stimulus package is pretty much the only thing left to spur economic growth. Lower taxes by itself is not really an option in a recession like this because people would save much of the money and the saving would result in further contraction of the economy (the paradox of thrift). The interest rate has already been cut nearly to zero, so that's not an option either.