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obama to deficit spend

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    Obama Says He Will Do `Whatever It Takes' on Economy (Update1)
    By Edwin Chen
    Nov. 17 (Bloomberg) -- President-elect Barack Obama said the U.S. government will do ``whatever it takes'' to revive the economy, and that means ``we shouldn't worry about the deficit next year or even the year after.''
    In the short term, ``the most important thing is that we avoid a deepening recession,'' Obama said in an interview broadcast last evening on CBS News's ``60 Minutes.''

    At some point all this dedt issuance will have to be taken into account. Already some of the earlier debt that has been issued is looking less and less likely to be repaid as companys go under
 
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