Obama Calls Deficit Spending Unsustainable!
President Obama was in Redneck Ron territory last week (I'm sure Ron was there to enthusiastically cheer him on!). The O'President made an amazing pronouncement, according to Bloomberg:
May 14 (Bloomberg) — 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.”
And in other news…
Eating too much causes obesity
Drug use causes irresponsible behavior and may lead to life on the street
Wars result in death and destruction
Does anyone else find it galling how this man can spout such statements as if he were a casual bystander making an observation on the passing scene? It chaps my hide even more that the press reports this with a straight face, never once even hinting that some of this debt just may be his fault.
US News Media: From attack dogs to lap dogs in 100 days
1 comments:
I guess I hand not been here in awhile. Wait-the President was here in my log leader-thanks for traking your heros movements. LOL!! This is on a serious note: Your right a bunch of money is beind dropped into the ecomony but there is some steam being taken out of it. SEEN THE PRICE OF GAS-THIS WILL DRIVE OUR IMPROVEMENTS OF OUR ECONOMY INTO THE GROUND-NO MATTER WHERE TO THE IMPROVEMENTS COME. This sending our borrowed monies overseas and we still pay the intereest on it.
I will come see him with you and singing our praises to your hero/
Post a Comment
Note: Only a member of this blog may post a comment.