Democrats may have "kicked the can down the road" on giving Detroit's Big 3 aid this week, as Senate Majority Leader Harry Reid reportedly said. But it sounds like Congress and the next administration are ready to open the floodgates to government spending.

That may not be a bad thing. Remember the old formula from economics class: GDP=Consumption + Investment + Government Spending + Net Exports? When everything else is down, Uncle Sam sometimes has to step in to fill the gap. It also means Democrats' promises not to spend more without raising taxes or reducing spending elsewhere is probably out the window.

Goodbye pay-go, hello stimulus!