English-language-world economists call themselves Keynesian economists.
This is after John Maynard Keynes, a British economist of the early 20th century.
What did Keynes actually say? Deficit spend during the bad times to get things going again fast(er) and then pay the debt back down again during the good times to be ready for the next time.
Sounds logical, right?
What is wrong with this picture?
It never happens!
What actually happens is
Deficit spend during the bad times to get things going again fast(er) and then continue to deficit spend during the good times because it feels so good.
In other words, the debt just continues to build up and build up and build up and build up and build up.
In terms of just the United States national debt -
The national debt doubled from $10T to $20T just under President Obama (8 years). And it has now gone over $30T as of early 2022, just 5 years later, and is growing rapidly.