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

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

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

    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

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

    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.

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

    Quote Originally Posted by celticlord View Post
    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!
    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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    Re: Obama Says U.S. Long-Term Debt Load ‘Unsustainable’

    Quote Originally Posted by WillRockwell View Post
    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.
    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 .
    Last edited by akyron; 05-14-09 at 07:14 PM.
    Thank you

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

    Quote Originally Posted by akyron View Post
    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 .
    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.
    Last edited by TheNextEra; 05-14-09 at 07:18 PM.

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

    Quote Originally Posted by TheNextEra View Post
    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.
    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.
    Last edited by akyron; 05-14-09 at 07:27 PM.
    Thank you

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

    Quote Originally Posted by akyron View Post
    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 .
    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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    Re: Obama Says U.S. Long-Term Debt Load ‘Unsustainable’

    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.
    Last edited by Harshaw; 05-14-09 at 07:35 PM.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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

    Quote Originally Posted by WillRockwell View Post
    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.
    Conservative does not equal republican. And Republican surely does not equal conservative.
    Obama spent that much over memorial day weekend.

    Last edited by akyron; 05-14-09 at 07:36 PM.
    Thank you

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