Say what? How is this sustainable long-term? I understand the government's need for taking on short-term debt to provide the infrastructure necessary for economic growth, but the government, like any business, entity, or individual, cannot spend more than it takes in. Period.
Want to clarify?
I do agree with you on leaving the auto industry to its own devices, though. Let them fail. They've had years to adjust to the changing world while asian auto companies have been wrecking shop for the last 20 years. Most of the Japanese auto manufacturers have manufacturing operations domestically anyway - employing American workers, buying supplies from American companies, etc etc. It will suck for the overpaid, over-pensioned workers from Detroit, but there are winners and losers in life. In the long term it will be better for everyone.