Fabian P 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 at a town-hall meeting in Rio Rancho, New Mexico, outside Albuquerque. “We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.”
Are you frikkin kidding me? Obama is such a tool…
http://www.bloomberg.com/apps/news?sid=abXWfVxx_e8w&pid=20603037
you are a liar f u c k y o u Helios
Bessie
Megan
No – that is what people have said for decades – the tea parties just came about because someone they didn’t like was in office.
Craig
Yes, that is EXACTLY what the tea parties have all been about.
Obama knows he is losing popularity, and he is saying whatever they tell him to that might stem the tide. Even his own people are starting to see through his facade./
Bobby
So now you have a problem with him AGREEING with you….
Seems he’s not the only tool in the shed.
Cathy
the tea party people did what fox newstold them…without thinking or even listening to themselves.
the USA has lived in a deficit for decades, clinton got us back on track, then bush stole the election. bush caused all this and somehow you rail against obama.
Geraldine
He does this alot. Spends trillions then says “Hey I cut 50 billion”. Wow. This is no different. He and Democrats knew damn well the end result of such outrageous spending. So when they admit it they act like it justifies their actions. It doesn’t.
Angel
You people are priceless.
First you put words in his mouth…then you are AMAZED when he says something to the contrary.
Just like a cat pulling on a tablecloth, that hits the ceiling, when a coffee mug hits the floor.
Arthur
idk im mexican???
Jessica
Yes we have been saying it since the first bail out under Bush, And now Obama admits it yet still plans on spending more. I have to wonder if he is playing with our minds to prepare us for the next round of tax hikes. He already has Cigarettes and there is talk about sodas and liquor, So you have to wonder whats next. Since he doesn’t want to borrow but does want to keep on spending….
The Money has to come from somewhere.
SFC
US Army
Retired
Marc
The truly sad thing is, he’ll do nothing to change the problem.
Francisco
tea-baggers are delusional ding dongs. their main concern is that there’s a black guy in the White House – but they can’t talk about that. they have to make up crap about taxes.
Jesse
Obama has crawled backwards so many times now on issues that he “thought”he understood about that is is down right crazy.He;s inexperience is coming through on most of his promises that he made during campaigning for your vote.What I find sadder is that so many took him at face value and jumped off the bridge along side of him not asking why,just doing it because Obama said so.The blind leading the blind.
Leon
Exactly……….
But listen between the lines. With Obama you have to ask yourself How is this statement going to affect me, or why is he saying this.
My conclusion to hearing this speech is to get ready for the Taxes to begin. Not stop spending. He has pretty much paid off his contributors and declares to reduce the deficit AFTER his spending spree. So to recoup you Tax, tax, tax. Let ‘s see, that is not healthy…..potato chips, a candy bar, a cold beer, a fast food hamburger, forget the fries etc.
Debbie
The spending was necessary to help those without jobs and to jump start the economy. What many people fail to realize is that the government is not like a business. It’s purpose is not to make money, it is to protect the citizens. That usually takes money. If nothing was done, the economy would be in way worse shape. Once job losses start increasing, people put less and less money into the economy, and more job losses occur. This cycle needed to be stopped.
Roy
So why did the republicans keep giving tax cuts increasing the debt every year they had full control of the government?Bush started with a $5 trillion debt and increased it to almost $11 trillion.Just as he started with a surplus and turned it into a deficit in his first year in office.
Tanya
Maybe they are Right but still The Tea Party People Need to Taxes Its the Law.
Brenda
Just my personal opinion here > I’ve always thought Al Gore was literally insane and unstable. His loss in the election I believe really sent him over the edge.
I also see Mr Obama as a person with some kind of defect. Maybe a split personality or maybe a delusional mind that actually believes his own lies. Either that or he’s so arrogant that he sees the average citizen as a moron who could never catch on when they’re being duped. > google NPD and you’ll see the connection here.
Just the opinion of Dr Joe Six Pack here lol.
Leon
LOL i can’t believe the AUDACITY of this guy.
The CAJONES!!!
That’s like the Hamburgler getting up in front of a crowd and saying “PLEASE people! We can’t keep eating all these HAMBURGERS! It’s not sustainable!”
LMAO
@ “Meh” and “Jdogg”:
read.
To quote SFC Ollie: “Yes we have been saying it since the first bail out under Bush.”
Damn right.
@Helios: UR RIGHT! We also protested the Bush administration, because Bush is black. (Bush is approximately as black as Obama, with a standard deviation of 15%).
The reason we hate the Federal Reserve is because so many Fed chairmen have been black. We are such racists!!!
Jamie
Tax & Spend, Two-Faced Democrats,
and who’s surprised ?
Guess it’s been just long enough to forget, and for the next generation of voters to assert themselves, to re-invent the “Wheel” …
once again.
As with some of the favorite nonsense, money-pit “Pork” projects locally/Nationally, (insurance company run National Health-Care comes to mind), get shot down and then return (no improvements/new ideas)(just perfume on a pig), ten years later.
Enough time passed to trot that turkey out again, because those who knew better are dead, and those who don’t know squat, think it’s great.
Hillary promised National Health Care two decades ago, and NOT ONE Doctor was on her panel/committee of experts. Telling, eh?