Theodore's World: Joe Biden: ‘We Have to Go Spend Money to Keep From Going Bankrupt’

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July 18, 2009

Joe Biden: ‘We Have to Go Spend Money to Keep From Going Bankrupt’

Joe Biden: ‘We Have to Go Spend Money to Keep From Going Bankrupt’


Joe Biden told people attending an AARP town hall meeting that unless the Democrat-supported health care plan becomes law the nation will go bankrupt and that the only way to avoid that fate is for the government to spend more money.

“And folks look, AARP knows and the people with me here today know, the president knows, and I know, that the status quo is simply not acceptable,” Biden said at the event on Thursday in Alexandria, Va. “It’s totally unacceptable. And it’s completely unsustainable. Even if we wanted to keep it the way we have it now. It can’t do it financially.”

“We’re going to go bankrupt as a nation,” Biden said.

“Now, people when I say that look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’” Biden said. “The answer is yes, that's what I’m telling you.”

The event, sponsored by the AARP – which supports the Obama administration’s plan – was attended by mostly AARP members who were bussed in for the meeting.

Biden told the group that the Obama health plan will not eliminate people’s ability to choose their health care insurance and that people who cannot afford insurance will be covered by the plan.

“They’ll be a deal in there so there’s competition, so what you’ll have in there is you’ll have the ability to go in there and say, ‘Now look, this is the policy I want. This is the one,” Biden said.

“And those people who can’t afford to get in there, up to a certain income, we’re going to subsidize them, you get in there and we’ll help you pay for it,” Biden said.

Wild Thing's comment......

Joe needs to know our country is already bankrupt.

Jokin’ Joe forgot to provide this Disclaimer:

Warning:Do Not Attempt This At Home

....Thank you Mark for sending this to me.

3rd Mar.Div. 1st Battalion 9th Marine Regiment
1/9 Marines aka The Walking Dead
VN 66-67

Posted by Wild Thing at July 18, 2009 06:49 AM


Hey Joe, didn't you read the part of the bill that says we will not be allowed to keep our private insurance?
Of course not, why should we expect anyone in the Executive or Legislative Branch to read any of this stuff. After all Henry Waxman admitted he didn't knoew the details of his Cap and Trade(Tax) Bill.
Now the Head Fraud is telling us that the passage of the Health(Death)Bill will not cost us any more money.
We are in some deep stuff here folks.

Posted by: SEAN. at July 18, 2009 11:03 AM

This from the Second in charge, How does he arrive at this conclusion. If his personal finances reflected the magnitude of the national debt. The first thing he would do is stop spending.

As it stands now, The country is $11 trillion dollars in debt. To service that debt, i.e., interest, is $26 Billion dollars per month or over $300 Billion per year that would be making the payments on the debt. In 10 by 2019, the interest will be almost $65 Billions per month.

So it is not just the debt there is interest on that debt nobody is talking about and that keeps growing day by day.

So for Biden to say this is irresponsible and stupid. Where does he think the money is going to come from. If the debt was called in today, each family will be responsible for $116,000 dollars.

Posted by: Mark at July 18, 2009 12:08 PM

Ain't he a peach!!!

Posted by: Jack at July 18, 2009 12:59 PM

Why I won't join AARP. It is a liberal organization depending on feeble minded, Federal benefits demanding seniors. AARP is also anti-Second Amendment.

Posted by: TomR at July 18, 2009 01:13 PM

SEAN, we sure are, good point. We
know more about these bills then
those voting on them do, that is
really scary.

Posted by: Wild Thing at July 18, 2009 07:14 PM

Mark, YIKES, that is so freightening.
To see it like that and know it is true
and going to get worse. These people
belong a looney place.

Posted by: Wild Thing at July 18, 2009 07:16 PM

Jack, yes haha he is real winner.

Posted by: Wild Thing at July 18, 2009 07:17 PM

Tom, I am the same way. They keep sending
things and I just rip them up and throw
their stuff away.

Posted by: Wild Thing at July 18, 2009 07:19 PM

Our own government is our enemy. Been gnawing on this all day, Joe's just the front man for the show with Soros and the UN behind the scenes I'm reminded of this 1960's song. Warning language alert!!

Posted by: Jack at July 18, 2009 07:32 PM