In an effort to be the Harry Houdini of Washington, after voting for the very policies that he is deriding, President Obama is pulling another one over on the media and the American people. Speaking at a town-hall meeting in Rio Rancho, New Mexico, outside Albuquerque, his message was clear.
President Barack Obama, calling current deficit spending “unsustainable,” 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.”
Becoming the greatest show (fraud?) on earth, our President is deriding the very policies that he ran on , proposed, voted for, and coerced Congress into passing, while accepting zero responsibility for any of it. Ta da!
Mission accomplished. Meanwhile . . .
Earlier this week, the Obama administration revised its own budget estimates and raised the projected deficit for this year to a record $1.84 trillion, up 5 percent from the February estimate. The revision for the 2010 fiscal year estimated the deficit at $1.26 trillion, up 7.4 percent from the February figure. The White House Office of Management and Budget also projected next year’s budget will end up at $3.59 trillion, compared with the $3.55 trillion it estimated previously.
Rush . . .
This is the guy who has just saddled us with $11 trillion in budget deficits for the next ten years, warning that his own policies have wrecked the US economy and that they cannot be continued. He threw himself under the bus. We can’t continue Obamaism. Just barely over a hundred days into his administration, Obama has condemned his own administration, and nobody in the Drive-By Media gets this.
[t]he president of the United States, after a mere 100-plus days, has just thrown his own administration, all of his policies, under the bus, just condemned them, just ripped them to shreds. I mean he has been more forcefully critical of his own policies than he ever was of George W. Bush.