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Is there any right answer?
Yes. Presumably with someone else's money. Good god. How else do governments run?
Presumably this was just as true when most revenue came from the US Customs House instead of income taxes.
Is there any right answer?
There are several answers. By some definitions, the recession is indeed over.
A significant decline in activity across the economy, lasting longer than a few months. It is visible in industrial production, employment, real income and wholesale-retail trade. I say we are still in it.
That's quite vague. You would need to quantify each factor you describe so one can tell when we're in it and out of it.
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