The GDP numbers from the great recession were recently revised downwards, by a huge amount.
In December of 2008, I said we would need at least $1T of spending and perhaps as much as $1.6T of spending to keep our economy on track.
At the time, I was widely derided here at Daily Kos - at least until Paul Krugman came out a few weeks later saying the same thing, using the same method.
The revised GDP numbers show that we needed far more stimulus to make our economy work.
The debate over the debt ceiling is important. But don't lose sight of why our economy stinks. We didn't do enough when it mattered.