Listen and read the commentary on the crisis and the themes of stimulus, bank crisis and the looming debt crisis of the U.S. budget and debt levels continually emerge. One side fears and frets the high U.S. debt level as it approaches 4 times Gross Domestic Product. The other side says we must continue to borrow and spend to stimulate GDP (see Lou Dobbs and Paul Krugman 11/7/2008). Some creative finance and sound accounting will go a long way to get us through the first part of the crisis. So let us clarify some things a bit.