The ticking deficit bomb

Shouldn't we worry that this damn thing will explode like crazy?

NY Times:

Economists generally agree that annual deficits should not exceed 3 percent of the G.D.P., and that is the level President Obama had vowed to reach by the end of his first term in 2013.
But subsequent spending and tax cuts to stimulate the economy, and lower-than-expected revenues as the recession deepened before bottoming out, combined to push the administration’s deficit forecast to 4.6 percent of G.D.P. for the fiscal year 2013.
At 10 percent of the gross domestic product, the 2009 deficit is the highest since the end of World War II, when it was 21.5 percent. At that level, it already has become a bigger economic and a political issue than any time since the late 1980s.

How would you spend $3000?

Imagine if you suddenly came upon $3000 just simply there. For you to use it. It is all yours. The only catch is that the note says you have to spend it. Not save it. Not pay down your debt. But go out and spend that $3000. And spend it within one year. How would you spend it?

You think I am nuts? Nope. The stimulus package, which is edging closer and closer to a trillion dollar mark, essentially means that is the amount per person in America. This is one huge amount. I probably will spend it on the following:
A spring break vacation to a warm place: $1000
Paint the outside of the home: I am sure it will be more than the remaining #2000.
I think these will generate good enough multipliers, won't they? Painting the home will mean hiring two to four people for, say, three or four days. Those guys will then go spend the money on consumer goods, and so on. Vacation will prop up airline and hotel usage, which will at least help stop their bleeding.

How will you spend your $3000, if the government says it will reimburse you for expenses up to that amount?