clipped from: www.washingtonpost.com   

"The reckless fiscal policies of the past have left us in a very deep hole," Obama said last week. "And digging our way out of it will take time, patience and some tough choices."

But Sen. Kent Conrad (D-N.D.), chairman of the Senate Budget Committee, said, "The second five years is where we're on a completely unsustainable course."

clipped from: www.washingtonpost.com   
"Everything that the White House does concerning this deep recession contains an element of gambling because no one has been here before," said Robert B. Reich
Those concerns about spending and deficits are not confined by U.S. borders.
Geithner traveled to China this month to assure leaders there
Traveling in Germany this month, Obama responded to Chancellor Angela Merkel's concerns that U.S. spending could lead to global inflation and undermine the stability of U.S. debt.

Obama and his advisers hope that by the 2010 elections, the stimulus spending, the bank rescues and other measures will have pushed the economy into recovery.