Blah Blah Blah!!!

Today I read an interesting article at bloomberg.com. It was titled: Obama Says U.S. Long-Term Debt Load ‘Unsustainable’. Here is what Obama said, "We can’t keep on just borrowing from China. We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.” Whatever happened to Obama sending his Secretary of State, Clinton to China to convince China to buy even more of our debt?? He then proceeded to say that those who are holding US debt will get tired of "buying it," which will cause interest rates to rise on auto and home loans. Did this just occur to him??



I didn't realize that Obama was a comedian!!! This is EXACTLY what conservatives were saying on the hated evil cable news network, Fox News! Do you remember what the response was by those who supported Obama's spending? Conservatives were called blockers of progess. They were told to be quiet unless they had their own ideas. Conservatives had their own ideas, but were silenced because it wasn't supported by the dems.




The funny thing (something the article pointed out) is that Obama recommended to cut a whopping $17 billion from the current budget! But another thing that the article points out is that Obama has proposed over $80 billion in NEW spending... President Obama, it is just a little toooooo late to be saying this isn't it? Unless he is trying to get the media to report and to have fickle citizens to believe that it is time to raise taxes even more! It seems that Obama is positioning himself where he will basically be begged to increase taxes on the wealthy and everything else that can be taxed...

Every day I keep asking myself.... How does this guy have 66% approval ratings and people can't see that he is the cause of the risk that he is speaking of???