[imtringued]

When the government spends money like that, the hope is that it nets a return in the future and if you can find such an investment, then you can borrow an infinite amount of money, until everyone is employed, after that the cost of labor will go up and it no longer becomes possible to net a higher return with new investments.

If there are ways to increase the competitiveness of your economy and you successfully execute your investments this can only be a blessing. I mean think about it, you get to build the most advanced infrastructure for free. As China and others take your jobs you can use the free time of your population to massively improve your own country.

If you fail to invest or your investments are a drag, then it can be a curse of course.