WHITE HOUSE WATCHING asked:
President Barack Obama, calling current deficit spending “unsustainable,” warned of skyrocketing interest rates for consumers if the U.S. continues to finance government by borrowing from other countries.
President Barack Obama, calling current deficit spending “unsustainable,” warned of skyrocketing interest rates for consumers if the U.S. continues to finance government by borrowing from other countries.
“We can’t keep on just borrowing from China,” Obama said
I agree President Obama. Can we return the money that you two have not spent? Will you get the heck out of the way and let the country do what it does best?
http://bloomberg.com/apps/news?pid=20603037&sid=abXWfVxx_e8w&refer=home
iamct01………………………you need to read more. It was CLINTON that enacted NAFTA that sent our jobs overseas and south.
Margaret
Lorraine
Nazi Pelosi? I love it!
Claude
yeah I saw that ROTFLMAO but Bush was the one who started it in the Billions….I am sure he had no idea that Obama would bring it to this crazy extreme
I think Obama has got the inside facts now and is back peddling on his stance on the issues….Welcome to the real world Obama ..Glad Your Waking Up!!!!
Victor
No. He wants to keep the stranglehold of government control going, making the grip tighter and tighter until we are all working for the government someday, driving little lunch box cars or taking mass transit.
All for the state, individual interests must be stifled.
Christopher
Once we’re out of this recession, sure.
Andre
Where were you when Bush started this thing?
Watching Faux “News” I can only assume.
Clarence
No way. Bush did. He made the mess and Obama had to give billions to GM and other comapnies
Ruth
It is true. He can blame Bush all he wants to but this economy and disastrous spending spree are all his now. Read his first book, “the Audacity of Hope”, to get a glimpse of what he is up to. He wants to turn this country into a “European like society”. In other words, Socialism.
Sheila
When the Republicans brought this very issue to him he mocked them and said,”Some are calling this a spending bill, well that’s what a stimulus bill is.” Then everyone laughed and said to themselves, “Wow is this guy smart!” Now he’s waking America up to the fact that we can’t sustain this kind of debt, yes, he is so smart.
Tony
all part of his master plan
Tina
Well we could keep the spending up if Republicans did not ship our industrial might to COMMUNIST China but without a industrial might we can`t back up our wealth like FDR was able to do with his spending. Good ole Republicans, drown government in the bathtub, which is the same as saying drown the American in the bathtub because we the people are the government and if we don`t like it we can vote the bums out, we can`t vote CEOs out when they sell us lead paint barbies from Republican friendly China.
Charlie
He seems to have a real connection problem between cause and effect. Is he that many months behind the learning curve? People with a lot more smarts then he have been saying this for years. But he still quadruples the debt hoping China will buy his worthless paper. They are not buying.
Peter
Haven’t you figured it out yet? When it come to Obama its not what he says but what he does. And so far what he has done is spend spend spend. And he has more spending to come.
Now what he may mean by his statement is that he is getting ready to stop borrowing and start really taxing. That is something the Democrats are really good at.
SFC
US Army
Retired
Harold
Isn’t it hysterical and laughable that Democrats cant stop blaming others even when its obvious to the entire world that its they who are a big part of our social and economic problems. Their like the proverbial kid with their hands stuck in a cookie jar of lies and deceit yet they still try to blame their little sister for all the spilt milk.