Overheating the economy with a massive increase in government spending, disguising employment with public sector jobs, and soaring federal debt. The foundation of Neokeynesian economics always rests on the idea that an economy must prioritize government spending, leading to full blown socialism. When the economy is growing, government spending rises because, allegedly, it is time to borrow and grow. When the economy overheats and enters the inevitable recession, government spending must rise again because it needs to support growth. See? The size of government in the economy increases both during and after a recession. Taxes constantly rise, but debt rises faster. Upside-down economics.

The Biden-Harris administration has followed exactly the policies of the Greek, Spanish, and French socialists into an election year prior to their countries' crises. The strategy involves inflating the GDP through excessive government spending, creating an uncontrollable deficit during a period of economic recovery, and masking employment through government jobs financed by increased debt. In the process, the printing of money results in the highest inflation in decades.

Why would a government do this?

Firstly, it serves to present inflated headline GDP and employment figures.

Secondly, they can attempt to attribute inflation to supermarkets, corporations, and anyone else besides the government, which prints currency without any control.

Thirdly, they can attribute the debt bubble's burst to the upcoming administration's efforts to rein in spending and debt levels.

Fourth, if they had emerged victorious in the elections and the recession erupted, they would pledge to increase spending, increase taxes, and justify even higher public debt, claiming "extraordinary" circumstances.

Of course, now that the Harris-Waltz team has lost the elections, Democrats can blame Trump and Vance for the recession they have engineered. If Trump falls into the trap of maintaining elevated government spending and high taxes, he will be blamed for the new debt and the deficit. If he does not, he will be blamed for the deterioration of the public sector and the economic contraction.