May 23, 2009
In 100+ Days Obama Drives America Into Debt and Now He says " We're Out Of Money!"
'WE'RE OUT OF MONEY'
Sat May 23 2009 10:32:18 ET
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...
SCULLY: When you see GM though as “Government Motors,” you're reaction?
OBAMA: Well, you know – look we are trying to help an auto industry that is going through a combination of bad decision making over many years and an unprecedented crisis or at least a crisis we haven't seen since the 1930's. And you know the economy is going to bounce back and we want to get out of the business of helping auto companies as quickly as we can. I have got more enough to do without that. In the same way that I want to get out of the business of helping banks, but we have to make some strategic decisions about strategic industries...
SCULLY: States like California in desperate financial situation, will you be forced to bail out the states?
OBAMA: No. I think that what you're seeing in states is that anytime you got a severe recession like this, as I said before, their demands on services are higher. So, they are sending more money out. At the same time, they're bringing less tax revenue in. And that's a painful adjustment, what we're going end up seeing is lot of states making very difficult choices there...
SCULLY: William Howard Taft served on the court after his presidency, would you have any interest in being on the Supreme Court?
OBAMA: You know, I am not sure that I could get through Senate confirmation...
Wild Thing's comment.........
He just figured this out? I mean what an idiot, we have been borrowing from China, they got fed up and cut us off and who knows who else is fed up with Obama and his spending money we do not have.
A trillion Dollar Bail out followed by a trillion dollar stimulus that didn’t stimulate jack by the way followed by a couple of hundred of billion dollar auto bail out followed by a 3 trillion dollar budget all approved by Obama !
So, it’s all about health care, is it????? What the heck?
Democrats Sub prime mortgages
Democrats Fannie and Freddie corruption
Obama Unions destroying the auto industry
Obama Highest corporate taxes
All health care’s fault???? He’s blaming this on HEALTH CARE???? OMG It looks like he is trying to justify ‘Obamacare’......which is his next BIG push.
OBAMA: "Well, we are out of money now."
Well that was a fun 100 days! Asshat! $800 billion stimulus fraud, $400 billion extra budget appropriation, $800 billion current budget deficit fiscal 2009.
That's $2 trillion in the whole on your watch asshat and fiscal 2009 isn't even over!
We all knew he would sink the economy, but who could have guessed the pace at which he would succeed.
1. Stop printing more money.
2. Stop spending.
3. Cut the number of Federal Government employees by 50%.
We The People
....Thank you Mark for sending this to me.
3rd Mar.Div. 1st Battalion 9th Marine Regiment
1/9 Marines aka The Walking Dead
Posted by Wild Thing at May 23, 2009 05:45 PM
"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."
No surprise here, He blames others for his lack of, Leadership, common sense, intellect or just plain Moxy. He is stupid.
So when does the mess he and Geithner created become their monster, the Soutpiel Puppet is still trying to blame Bush and now he's thrown in Clinton. (Past several decades). It must be desparation time at the Soutpiel's residence.
This is when you want to look him in the face and scream, NO SHIT...YOU DUMB BASTARD .
Posted by: Mark at May 23, 2009 06:13 PM
Well, uh, um, yeah. He's just representing his affiliation with his parties, blame everyone else for your mistakes and never admit to making one yourself, never, never accept responsibility. What happened to that well touted expression the former Democrat mantra, 'the buck stops here'?
It took two years for Bernie Sanders followers to prep the ship and a bit over 100 days for Captain Ahab to finish 'er off by scuttling everything American. Ye got yer great white whale Ahab the Arab. Oh and you also have the helm Hussein, GW is gone you POS!!!
Posted by: Jack at May 23, 2009 07:18 PM
Oh, I get it now. Okay Motherf*cker!!! He wasted all of our money on f*ckin heathcare, cutting the military budget and absorbing the private sector and the like, what a bastard, what an asshole communist bastard. Oh, I can't even put what I want to write on here.
Of course the American Sheeple will gladly accept this. They don't care about our standing as the world's Superpower anymore or our National Security or the Troops (unless of course we "bring them home") or being competitive or going out and making a living doing what you love hard work, persistence, values, Service (you would not belive how many people I hear say that they would NEVER join the military or let their kids join), or any of the things that makes America Great. NO NO NO, forget ALL of that!!! Just as long as people get free healthcare, a friggin "green job" and a government owned house. F*cking blind complacent little children we are.
Hell most Americans are convinced The U.S. is a democracy anyway.
"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising them the most benefits from the public treasury, with the result that a democracy always collapses over a loose fiscal responsibility, always followed by a dictatorship. The average of the world’s great civilizations before they decline has been 200 years. These nations have progressed in this sequence:
From bondage to spiritual faith
From spiritual faith to great courage
From courage to liberty
From liberty to abundance
From abundance to selfishness
From selfishness to complacency
From complacency to apathy
From apathy to dependency
From dependency back again to bondage" Alexander F. Tyler & Orrin Woodward
Here's the rest of the article:
Posted by: JohnE PFC U.S. Army at May 23, 2009 07:29 PM
We The People MUST wake up before we go the way of the Roman Empire.
Posted by: JohnE PFC U.S. Army at May 23, 2009 07:31 PM
Mark, that bugs me so much, how he blames
everyone else, and non stop blame of Bush.
It sure is!!!!!
"This is when you want to look him in the face and scream, NO SHIT...YOU DUMB BASTARD "
Posted by: Wild Thing at May 23, 2009 08:16 PM
Jack,thanks for the link and this is
"Ye got yer great white whale Ahab the Arab"
Posted by: Wild Thing at May 23, 2009 08:20 PM
JohnE PFC U.S. Army, DITTO all you said!!!!
Thank you so much JohnE for the article and
Posted by: Wild Thing at May 23, 2009 08:23 PM
JohnE PFC U.S. Army, I agree
if people would just wake up, the
outrage would be HUGE across our land
at what this POS has been doing.
Posted by: Wild Thing at May 23, 2009 08:25 PM
Health Care?? That's all this A-Hole talks about.
Somebody show me where in the Constitution of the United States it's the responsibility of the President or Congress to provide health care for its citizens? If it's anywhere, I imagine it's right next to where it says abortion is a Constitutional Right.
Posted by: BobF at May 23, 2009 10:54 PM