Step back for a moment to analyse this. Obama is not stupid, therefore he is not doing what appears to be a very stupid [[suicidal actually) thing without a reason. So, what is the reason? He must intend all of this spending to grow government [[radical liberal) power and influence. Once accomplished in the extreme, to whom does it matter that the economy is bankrupt? It will be miserable for the populace to be sure, but what will the impact be in the short and long run for the socialists in power? Likely, they will lose their elected positions in the short run, however, a large portion of what they accomplish in furthering socialism will be difficult, or impossible to reverse and take a long time to do so. So, in the long run, socialism takes a hold of our society and individual liberty is suppressed.

I believe, as an optimist, that we will, in fact, reverse socialism vigorously following Obama, but this is not in any way a guarantee, and, if history is a lesson, reversing entitlements has been very difficult, possibly unprecedented. What Obama may onbe counting on is that these entitlements, in a sense will reverse themselves if/when they completely melt down giving way to a new free market system to address the services formerly supplied by the entitlements [[ie black market tiered health care, private retirements in place of social security, etc). All well and good, right?? Not so fast, what about the funding of these programs [[even when utterly bankrupt)...this comes from taxes, good luck in getting rid of those.