The Era of Fiscal Austerity Is Over. Here’s What Big Deficits Mean for the Economy. - The New York Times

It depends on whether you look at the short, medium or long term.....

https://www.nytimes.com/2018/02/09/upshot/the-era-of-fiscal-austerity-is-over-heres-what-big-deficits-mean-for-the-economy.html