The only way in which capitalism can work in the long term is by putting money into the hands of people, so that they can buy and manufacturers can make.
That is the essence of the socialist argument.
Squeasing people and pouring our money into the pockets of the few, who syphon it out of the economy ALWAYS leads by and by to stagnation.
The Tories do it in Britain, the Reps do it in America [they call it small government or rolling back the state...sounds grand don't it?] it always means if you are rich you can have things, if you are poor you can't...even very basic things like healthcare.
By the time the stagnation sinks in the Ronny Reagans and the Thatchers have long gone and so the Democrats or the Labour party have to carry the can. Yes they DO spend because the conservatives rip the heart out of education, housing, and healthcare and all other public spending and they leave society in a mess.