The democrat party is the major party that is associated with being more on the liberal side of the political spectrum.
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Many libertarians argue that the notion of a linear political spectrum itself is not sufficient to describe the ideas and platform. In general, the libertarian philosophy of non-aggression and personal freedom is not adequately described by either a conservative or a liberal philosophy. Some people do think of libertarians as being fiscally conservative and socially liberal. Those labels, however, imply that there is some sort of derivative relationship between the libertarian movement and other political movements and parties, which there is not. Refer to the World's Smallest Political Quiz (see related link below) for more information.
Liberal
liberal
The terms, liberal and conservative are used to identify positions on political issues. A liberal politician is going to be in favor of spending on a certain issue and a conservative might have a wait and see attitude toward spending.