Friday, May 15, 2009

Obama says US debtload "unsustainable"????

This man is simply incredible.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aRTneEeQrcK0

“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.” Holders of U.S. debt will eventually “get tired” of buying it, causing interest rates on everything from auto loans to home mortgages to increase, Obama said. “It will have a dampening effect on our economy.”

AlphaNinja agrees with you sir! So why are you expanding the government, adding $9trillion in debt (that's just from projected deficits) over the next decade, while demonizing and dismantling the economy that funds your largess????? Forget moral arguments - you simply can't do it.

This level of sophistry is only made possible by Obama's enablers, the Obamamaniacs. Only when no one questions your ridiculous contradictory actions/statements, can you seriously say the things this man does.
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