Pres Obama: “Deficit Spending Unsustainable”

Is this guy for real? Really? Honestly?

    President Barack Obama, calling current deficit spending “unsustainable,”

(perhaps he should stop spending money we don’t have then? just a thought)

    …warned of skyrocketing interest rates for consumers if the U.S. continues to finance government by borrowing from other countries.

    “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.”

Really? Nothing like stealing a punchline…

In case you haven’t realized – I’m flummoxed!



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