Don't blame Obama for this mess. This market brought this on itself through greed and light regulation. This is Newton's third law in action and I quote, "for every action, there is an equal and opposite reaction".
As usual, your analogies make no sense. The government is not an ordinary institution. They can always print extra money to fund the extra spending. All that happens is a little inflation, hehehe. :) Maybe interest rates go up a bit too, hehe. And the bond markets go sour a bit, with bond holders crying foul, hehehe.