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According to this as a result of countries practicing Keynesianism on steroids countries are now dealing with too much debt for Keynesian policies to have the effect that it's proponents believe it should have.
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Every time there was a recession, governments across the world raised spending and/or cut taxes. Of course, what they neglected was that in Keynes's mind these spending measures were intended as temporary, and to be reversed as economic recovery took hold.
Keynes himself never imagined that peacetime government borrowing of more than 25 per cent of GDP would be necessary, and so funding his spending programmes was never a problem since the government's creditworthiness was never called into question.
By 2014, however, government debt across the US and Europe is expected to be around 90 per cent of GDP.
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