Let's let the elder statesmen of the Liberal Party weigh in: 

"If you think you can spend your way to prosperity you're dreaming in technicolor," Bob Rae, after trying to do just that as NDP Premier of Ontario from 1990 to 1995 

"The debt and deficit are not inventions of ideology. They are facts of arithmetic. The quicksand of compound interest is real.  The debt and deficit are not inventions of ideology."  Former Finance Minister Paul Martin