Franklin is too smart and cagey to settle for my definitions, but I think there is sufficient accuracy on this point, judging from some things he has said elsewhere. to the effect that deficit spending in some parts of an economic cycle are essential.
Of course, I think if we're gonna lay out that kind of spending, we need to get efficient results in terms of public benefits versus crony benefits.
water infrastructure in the southwest and California would be worth it, even roads and trains make us more productive, more efficient, and will produce tax revenues sufficient to repay the Treasury.