Are you suggesting that running an additional one-time deficit of 1% of GDP is worse than a recession?
If you wanna speak in absolutes, I would suggest a one-time deficit of 1% of GDP coupled with a recession is worse than a recession.
Personally, I doubt it will stave off recession, but I believe it might make it a slightly weaker recession. My question is whether the benefit outweighs the cost, which I doubt.
