sorry, gkt.... i disagree. "spending" does not fix anything. understanding history helps us avoid repeating it.
i would only agree with you IF and only IF that spending is "value creating".
Examples of smart 'big spending': Manhattan Project, JFK put a man on the moon in less than 10 years, Ike's massive interstate system, to name a few.
Those were "smart big spending" because they created value for others to leverage. Manhattan Project gave us tons of engineers/general technology/etc that can be used in multitude of ways. JFK... ditto. Those, in short, gave us "knowledge" to make new things that were bigger/better/faster in a manner of speaking.
Ike's interstates gave us super efficient transportation system that enables commerce to operate at low cost. (Granted, the original intent was for defense but the byproduct of easier commerce was huge!).
Dumb spending: Stimulus pork bills that give us NOTHING but a bigger credit card bill to pay off.
If above doesnt make sense, then think of it this way. Think of spending on personal terms.
These below are in context of "spending to increase the economy, etc"....
Smart personal spending: education, books, etc.
Dumb personal spending: 500 pairs of expensive shoes, etc etc etc.
Hope that made some sense. It's late, am tired, off to bed.