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Obama Says U.S. Long-Term Debt Load ‘Unsustainable’

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celticlord

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Obama Says U.S. Long-Term Debt Load ?Unsustainable? (Update1) - Bloomberg.com

“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.”
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Talk about cluelessness. If Dear Leader weren't spending so damn much, he wouldn't have to borrow so damn much.

Instead of all those Constitutional law courses he slept through at Harvard, he should have taken a basic class on how to balance a checkbook. Then he'd at least have some clue as to what the problem is.

If Dear Leader wants to solve the problem of deficit spending, here's a simple suggestion:

STOP SPENDING!
​
 
LOL

"Hey folks I just created a deficit equal to the amount generated from 2000-2007 combined in 100 days!
Borrowing from China will burden our kids"

Like I said in another thread you hear that "burden of children" crap from Obama/Democrats/ or the left in general again..either laugh or punch them in the face.
They have completely lost any credibility on using that line for at least 10 years
 
Well, once the economy is stable due to Obama's completely foolproof bailout plan I'm sure the auto companies will just return the favor by bailing out the government. :roll:
 
celticlord said:
Obama Says U.S. Long-Term Debt Load ?Unsustainable? (Update1) - Bloomberg.com



Talk about cluelessness. If Dear Leader weren't spending so damn much, he wouldn't have to borrow so damn much.

Instead of all those Constitutional law courses he slept through at Harvard, he should have taken a basic class on how to balance a checkbook. Then he'd at least have some clue as to what the problem is.

If Dear Leader wants to solve the problem of deficit spending, here's a simple suggestion:

STOP SPENDING!
​
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Funny, you weren't telling the Republicans to
STOP SPENDING!
​
when they created this mess. Do you expect the financial crisis will just go away if we leave it alone? Eight years of Republican incompetence was enough, I don't think we'll listen to your advice any more, thank you.
 
WillRockwell said:
Funny, you weren't telling the Republicans to
STOP SPENDING!
​
when they created this mess. Do you expect the financial crisis will just go away if we leave it alone? Eight years of Republican incompetence was enough, I don't think we'll listen to your advice any more, thank you.
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You do understand the difference between millions, billions, and trillions right?

Your commentary makes no sense.

By definition the ones spending like crazy checked their conservative values at the door .
 
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akyron said:
You do understand the difference between millions, billions, and trillions right?

Your commentary makes no sense.

By definition the ones spending like crazy checked their conservative values at the door .
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Irresponsible spending is irresponsible no matter the amount or person.

Bush did it getting us into Iraq and now Obama did it with the bailouts. Both are wrong.

However, in 2004 Republicans CHOSE irresponsible spending.

And I love the ole bile from the conservatives side that conservatism is good, liberals are bad routine. Get it through your thick skulls, no successful country ever happened with ALL liberal or ALL conservative values.
 
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TheNextEra said:
Irresponsible spending is irresponsible no matter the amount or person.

Bush did it getting us into Iraq and now Obama did it with the bailouts. Both are wrong.

However, in 2004 Republicans CHOSE irresponsible spending.

And I love the ole bile from the conservatives side that conservatism is good, liberals are bad routine. Get it through your thick skulls, no successful country ever happened with ALL liberal or ALL conservative values.
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Slow down Nelly. I am not defending them. The potential danger between a criminal with a pistol cannot be placed on the same level with a psycho that owns a working nuclear weapon. The spending gun was fired and it was wrong. The nuclear stimulus bill was fired and is being fired again and again. Whats worse really doesnt matter if we are all screwed. But we are all screwed much faster.

Obama=Bush=Cheney=Gore= Clinton

All puppets of the Federal Reserve owners.
 
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akyron said:
You do understand the difference between millions, billions, and trillions right?

Your commentary makes no sense.

By definition the ones spending like crazy checked their conservative values at the door .
Click to expand...

I understand that the Republicans so damaged the economy that, by inauguration day, 4 trillion dollars had disappeared with more flowing out every day. As a Republican, I don't expect you to understand fiscal matters but don't worry, we'll fix the mess you made.
 
Yeah. Doesn't matter that the Obama deficit for '09 by itself is as big or bigger than ALL THE BUSH DEFICITS COMBINED. You still can't criticize Obama for it. It's still all the Republicans' fault.

Such is the "reality" suggested by everyone's favorite centrist.
 
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WillRockwell said:
I understand that the Republicans so damaged the economy that, by inauguration day, 4 trillion dollars had disappeared with more flowing out every day. As a Republican, I don't expect you to understand fiscal matters but don't worry, we'll fix the mess you made.
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Conservative does not equal republican. And Republican surely does not equal conservative.
Obama spent that much over memorial day weekend.

350px-2010_Budget_-_Deficit_and_Debt_Increases.png
 
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celticlord said:
Talk about cluelessness. If Dear Leader weren't spending so damn much, he wouldn't have to borrow so damn much.
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Do you think it's reasonable to assume that the economy will contract at -6.5% every quarter for the next several decades? If not, then your argument makes no sense. It's like bitching about the amount of water your town is wasting, because the fire department had to respond to a major fire today.
 
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Harshaw said:
Yeah. Doesn't matter that the Obama deficit for '09 by itself is as big or bigger than ALL THE BUSH DEFICITS COMBINED. You still can't criticize Obama for it. It's still all the Republicans' fault.

Such is the "reality" suggested by everyone's favorite centrist.
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I cannot agree with Bushs spending in many cases but Obama spending is off the left wing and in freefall.
 
Kandahar said:
Do you think it's reasonable to assume that the economy will contract at -6.5% every quarter for the next several decades? If not, then your argument makes no sense. It's like bitching about the amount of water your town is wasting, because the fire department had to respond to a major fire today.
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Paying the banks to expand is not the answer. paying the people to spend is.
 
akyron said:
Paying the banks to expand is not the answer.
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Actually we are paying the banks to not collapse, default on their loans, and take other banks down with them. "Expanding" is the last thing on almost any bank's mind right now.

akyron said:
paying the people to spend is.
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How so? I'm not opposed to a temporary sales tax holiday, if that's what you mean.
 
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Kandahar said:
Do you think it's reasonable to assume that the economy will contract at -6.5% every quarter for the next several decades? If not, then your argument makes no sense. It's like bitching about the amount of water your town is wasting, because the fire department had to respond to a major fire today.
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Your analogy is flawed.

I'm bitching about the Anti-Republicans watering their garden while the fire department is responding to said major fire.
 
akyron said:
Slow down Nelly. I am not defending them. The potential danger between a criminal with a pistol cannot be placed on the same level with a psycho that owns a working nuclear weapon. The spending gun was fired and it was wrong. The nuclear stimulus bill was fired and is being fired again and again. Whats worse really doesnt matter if we are all screwed. But we are all screwed much faster.

Obama=Bush=Cheney=Gore= Clinton

All puppets of the Federal Reserve owners.
Click to expand...

It's all about opening doors though. If Bush opened the door further, than Obama is going to open it further, etc.

It's a trend that should not have been started and Bush bailing out started a lot of the ****.

That doesn't excuse Obama, but again a door opened means a door can be opened further.

I don't care who started it, I care who will do the right thing and close the door. Just because Bush spent less doesn't make his failure better because Obama spent more and it doesn't make the failure of the presidents before them that did the same thing any better.

It doesn't matter who started it, only matters who will end such idiotic spending. So far Democrats have proven themselves inadequate, and Republicans have proven themselves to be inadequate.

So what now? Elect a Republican again who will be just as irresponsible as the last? Or a Dem the same?
 
Kandahar said:
Do you think it's reasonable to assume that the economy will contract at -6.5% every quarter for the next several decades? If not, then your argument makes no sense. It's like bitching about the amount of water your town is wasting, because the fire department had to respond to a major fire today.
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More like bitching that the reservoir bottom is visible, and what the hell are those jokers doing pulling out the drain plug because they claim they need the water to fund socialized medicine.
 
TheNextEra said:
It's all about opening doors though. If Bush opened the door further, than Obama is going to open it further, etc.
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Uh-uh.

If Bush opened the door, Obama is ripping the wall out to put in a roll-up door for the trucks.
 
I am puzzled about all this. President Obama says something the right disagrees with, and he is attacked for it. President Obama says something the right agree with, and he is attacked for it. Why would we even bother listening to those on the right these days? Get back to us when you have something constructive to say.
 
Scarecrow Akhbar said:
Uh-uh.

If Bush opened the door, Obama is ripping the wall out to put in a roll-up door for the trucks.
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You can make all the comments you like, but you excusing Bush is excusing Obama for the same thing.

Either it is irrespnsible or it isn't.

I've admitted Obama being irresponsible, you are excusing Bush.
 
I heard Obama was elected..
I wonder when he and his supporters are going to admit it.
 
Redress said:
I am puzzled about all this. President Obama says something the right disagrees with, and he is attacked for it. President Obama says something the right agree with, and he is attacked for it. Why would we even bother listening to those on the right these days? Get back to us when you have something constructive to say.
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Obama took a bad situation, made it 10 times worse, and now he's talking about what a horrible situation we're in, and we need to stop doing the things HE did to help get us where we are? The man is in some serious denial
 
TheNextEra said:
I care who will do the right thing and close the door
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Agree. The monopoly of the federal reserve has to be contained before any of this will go away.
 
Triad said:
I heard Obama was elected..
I wonder when he and his supporters are going to admit it.
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Well **** it wasn't until Bush was out of office that conservatives stopped blaming Clinton....oh wait.....nm, that hasn't happened yet.
 
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