Chris you brought up a very good point. It seems that this is a pretty crucial crossroads for our nation. If anything we really need the confidence of our creditors to stand behind us. For the life of me, if I was a creditor and I saw that the person who owed me money was drastically increasing expenditures rather then reducing them I would have to plan for an eventual default to protect myself.
It seems to me that this is about the worst time possible to have an ambitious spending plan.