Fortune: Why a $1 Trillion Deficit is a Good Thing

From Fortune magazine (12/12/08)...

Why a $1 trillion deficit is a good thing (for now)

All of the above forces represent an inescapable reality. Neither the recession nor the financial crisis were developments that could have been brushed aside. ...

Although specific aspects of how the bailout funds have been used so far can be open to question, not undertaking a massive program of stabilizing the financial system in the last few months was never really an option, as it would have exposed the entire U.S. economy to a potentially catastrophic outcome.