Admirable, Desirable -- Not Payable

[Skybird]

Obama and the balloning US debt:
http://www.spiegel.de/international/...591459,00.html

The Obama team has been dealt probably the most complicated cards in recent US history. According to estimates by independent experts, the promises Obama made to his voters during the two-year campaign will cost more than $2 trillion (€1.58 trillion) to fulfill. That includes $1.5 trillion (€1.2 trillion) for a new health care policy in the coming 10 years, $150 billion (€120 billion) for an infrastructure program and $360 billion (€284 billion) for a major tax reform to be implemented by 2013. Obama also gave taxpayers the magnanimous promise that 95 percent of them would see their taxes lowered.
But then, in the final spurt of the campaign, the underlying economic situation changed. The financial market collapsed, growth fizzled and the labor market began to falter. Both parties were forced to give President George W. Bush the power to spend $700 billion (€553 billion) to save the banks, a bailout plan that will weigh heavily on the national budget for years to come. And no one knows whether this sum will be sufficient in the end.
Despite the government's cash injection, the financial crisis has now reached the so-called real economy. Insurance companies in the United States are ailing, many credit card companies are on shaky ground and the entire American automobile industry, after losing money for years, now has serious liquidity problems. The country's largest carmaker, General Motors, cannot survive without government help. Chrysler has announced plans to lay off 25 percent of its salaried workforce.
But in the run up to the election, Obama was both unwilling and unable to scale back his lavish promises. He remained generous, even adding more promises that would cost additional billions.

Current US debt already is at 10.x trillions, and skyrocketing.

It seems reality finally brings his feet back to contact with Earth again, either by stepping back from many of his promises, or by boosting america's debts even more, which will kill even more of america's financial credibility in the world. That is no Obama-bashing by me - a president MacCain would have been faced with the same miserable realities.

Mabe McCain already feels happy not to have won, while Obama maybe already is cursing.