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In a sobering holiday interview with C-SPAN, President Obama boldly told Americans: "We are out of money."
C-SPAN host Steve Scully broke from a meek Washington press corps with probing questions for the new president.
SCULLY: You know the numbers, $1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money?
OBAMA: Well, we are out of money now. We are operating in deep deficits, not caused by any decisions we've made on health care so far. This is a consequence of the crisis that we've seen and in fact our failure to make some good decisions on health care over the last several decades.
So we've got a short-term problem, which is we had to spend a lot of money to salvage our financial system, we had to deal with the auto companies, a huge recession which drains tax revenue at the same time it's putting more pressure on governments to provide unemployment insurance or make sure that food stamps are available for people who have been laid off.
So we have a short-term problem and we also have a long-term problem. The short-term problem is dwarfed by the long-term problem. And the long-term problem is Medicaid and Medicare. If we don't reduce long-term health care inflation substantially, we can't get control of the deficit.
So, one option is just to do nothing. We say, well, it's too expensive for us to make some short-term investments in health care. We can't afford it. We've got this big deficit. Let's just keep the health care system that we've got now.
Along that trajectory, we will see health care cost as an overall share of our federal spending grow and grow and grow and grow until essentially it consumes everything...
So the government not running health care is the reason we are out of money?
How fucking stupid are you people who voted for him?
Well, you have to understand, he ISN'T Bush. Bush doubled the deficit in 8 years, which was, according to our Democratic friends VERY BAD. Obama will triple the now DOUBLED deficit in just 4 years, which, again, according to our Democratic friends, is VERY GOOD.
He created a 3 TRILLION DOLLAR budget that does not even address his desire to rope us into Government run health care for all. Medicare is broke and he wants the Government to EXPAND it. We can not pay for the people we already have obligations too and his solution is to GET more people covered.
The ONLY way we lower health care costs is to create tort reform and malpractice reform. His solution will be to unconstitutionally REGULATE and control a portion of the US Economy he has NO POWER to control. To have the Government take over.
Last time I checked no government program is MORE efficient then private ones. We already can not pay for the part of the public we put on Socialized medicine and the solution to that is to get everyone covered.
Presidents have been spending while broke for a long time. You guys act like this is something new.
Presidents have been spending while broke for a long time. You guys act like this is something new.
The ENTIRE argument leading to the election included that Bush doubled the Deficit in 8 years and Obama would CUT the deficit. Instead you retards applaud while he announces plans to TRIPLE the deficit in 4 years.
Presidents have been spending while broke for a long time. You guys act like this is something new.
The ENTIRE argument leading to the election included that Bush doubled the Deficit in 8 years and Obama would CUT the deficit. Instead you retards applaud while he announces plans to TRIPLE the deficit in 4 years.
Presidents have been spending while broke for a long time. You guys act like this is something new.
The ENTIRE argument leading to the election included that Bush doubled the Deficit in 8 years and Obama would CUT the deficit. Instead you retards applaud while he announces plans to TRIPLE the deficit in 4 years.
It's nothing new. Deficit spending is old hat. If you're spending imaginary money, in the billions, it matters not. The whole thing has gone too long, the correction is coming and we have to pay, no matter who has the reigns.
The ENTIRE argument leading to the election included that Bush doubled the Deficit in 8 years and Obama would CUT the deficit. Instead you retards applaud while he announces plans to TRIPLE the deficit in 4 years.
It's nothing new. Deficit spending is old hat. If you're spending imaginary money, in the billions, it matters not. The whole thing has gone too long, the correction is coming and we have to pay, no matter who has the reigns.
Your completely missing the point, and I can SMELL your apathy.
It's nothing new. Deficit spending is old hat. If you're spending imaginary money, in the billions, it matters not. The whole thing has gone too long, the correction is coming and we have to pay, no matter who has the reigns.
Your completely missing the point, and I can SMELL your apathy.
So what's the point? The President doesn't keep his promises? Tells lies? I figured that out by 1974. Hasn't changed since. It's the nature of the beast. It's not about lies or dishonesty, it's about if your liar won or not. Get over it.
but didnt he base his whole campaign on "CHANGE"?It's nothing new. Deficit spending is old hat. If you're spending imaginary money, in the billions, it matters not. The whole thing has gone too long, the correction is coming and we have to pay, no matter who has the reigns.
Your completely missing the point, and I can SMELL your apathy.
So what's the point? The President doesn't keep his promises? Tells lies? I figured that out by 1974. Hasn't changed since. It's the nature of the beast. It's not about lies or dishonesty, it's about if your liar won or not. Get over it.
No, this President time and again, in his ever-lengthening speeches insists he is about a higher level of thinking and morality than any President before him.
There are things that he has decided to do that no other President has done before.
Go back and listen to his speeches.
yeah sureNo, this President time and again, in his ever-lengthening speeches insists he is about a higher level of thinking and morality than any President before him.
There are things that he has decided to do that no other President has done before.
Go back and listen to his speeches.
And I guess you're going to tell me no politician has ever campaigned on such BS before?
No, again, your bullshitter didn't win. That's all. You got Obama. He's your leader. Cry, whine, deal with, don't deal with it, make the best of it, jump off a pill bottle. Won't change a thing.
Your completely missing the point, and I can SMELL your apathy.
So what's the point? The President doesn't keep his promises? Tells lies? I figured that out by 1974. Hasn't changed since. It's the nature of the beast. It's not about lies or dishonesty, it's about if your liar won or not. Get over it.
I don't have to get over shit jack.
The point is that things could have been fixed right, but instead oblahma did just the opposite thing. You get it now, or do you need further explanation?
