US debt crisis: Barack Obama tells America it must live within its means
President Barack Obama said that the debt bill finally passed by Congress on Tuesday was only the “first step” towards ensuring the world’s most powerful economy lived within its means.
Step 2 is to get rid of the moron who doubled the national debt in less than three years.
Anyone that considers Owe-bama not to be in the pocket of the banksters is certifiable. From the start of his presidency, he has caved every time. Only his rhetoric preaches fiscal restraint. His actions demonstrate a profligate approach to being responsible with the finances of the country.
Nice one!
What do you Owe-bama?
A ticket back to Chicago in 2012.
[dang! sorry ‘bot the duplicate below]
First step? One of the many steps backwards! How does one believe extending more credit to an over-extended debtor is a step towards anything but insolvency? I bet this a-hole won’t let that extra couple of trillion set long. It’s burn a hole in his pocket like fire through plastic. He won’t be able to leave it alone. If all else fails, he’ll manufacture another crisis to spend it.
Did some other country loan the debt or is it going to be printed here in the US of A?
It’ll be printed here by the Federal Reserve and loaned to the Treasury, just like we’ve been doing for a while. Of course, when you are able to hide inflation in the official statistics that makes it easier to pursue insane monetary policies.
Have a look at this:
http://www.youtube.com/watch?v=t4uVqRt2eV0
Independent is right……we’ll print it…..(sort of, by the quasi private banking system) loan it to us….. charge us an absorbent handling fee, for loaning us our own money. China doesn’t like it, but they don’t want to buy anymore of our bonds…… its kinda funny, because that’s what they’ve been doing to keep the value of the Yuan down. Kinda funny…..but not really.
They can only hide inflation for so long. It won’t wash much longer in spite of the willful ignorance of many in this country.
As a Canadian, I was pumped up to see this guy win. Now just terrified to see the outcome. It’s a real shame the republicans have no real alternative.
I knew this would happen. His liberal cronies are looting the country, literally.
the world’s most powerful economy
Since when did he feel he is also leader of China??
China is a ticking demographic (and environmental and political for that matter) time bomb.
I think within the decade. As you well stated, none of the above can continue in a growing, vibrant economy. And they’re too much vested in growing their economy to reverse it without entire political upheaval. They are too dichotomous to continue their path.
Nice one!
What do you Owe-bama?
A ticket back to Chicago in 2012.