Agree. Keynes did believe that over time the budget should ideally be in surplus as often as in deficit. We’ve villainized him on the right not because of what he really said, but because of how his ideas have been abused by congresses and presidents for such a long time.
The politicians view of Keynesianism is basically: “If ‘pump priming’ can solve a temporary growth problem, and if growth solves ALL problems, then infinite deficits should lead to infinite joy.” But alas.
Well said.