Obama: “We can’t keep on just borrowing from China."

[Bindare_Dundat]

Sorry Barry, a little too late.


May 14 (Bloomberg) -- 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.”

Holders of U.S. debt will eventually “get tired” of buying it, causing interest rates on everything from auto loans to home mortgages to increase, Obama said. “It will have a dampening effect on our economy.”

http://www.bloomberg.com/apps/news?pid=20601087&sid=aJsSb4qtILhg&refer=home

[tonymctones]

he is the master of walking the fence, ill cut middle class taxes and then spends enough to enslave the middle class for generations, Spends a unprecedented amount and then says we have to stop...LOL i honestly am becoming convinced this guy has no idea what he is doing.

[Bindare_Dundat]

he is the master of walking the fence, ill cut middle class taxes and then spends enough to enslave the middle class for generations, Spends a unprecedented amount and then says we have to stop...LOL i honestly am becoming convinced this guy has no idea what he is doing.

nailed it

[SAMSON123]

Sorry Barry, a little too late.


May 14 (Bloomberg) -- 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.”

Holders of U.S. debt will eventually “get tired” of buying it, causing interest rates on everything from auto loans to home mortgages to increase, Obama said. “It will have a dampening effect on our economy.”

http://www.bloomberg.com/apps/news?pid=20601087&sid=aJsSb4qtILhg&refer=home

I want so bad for someone...anyone to BASH HIM IN THE HEAD to see if this guy is real or some automaton. Americans kept saying Bush could not be a stupid as he was...well ...this guy has surpassed Bush. Which is supposed to be IMPOSSIBLE. He gave away TRILLIONS in bailouts and then says WE CAN'T KEEP ON BORROWING FROM CHINA... This can not be real..I am sure the rest of the world is saying WAKE ME WHEN THIS SHIT IS OVER....

[MB_722]

hasn't every prez enslaved the middle class?

fuckers 

[tonymctones]

hasn't every prez enslaved the middle class?

fuckers 

ahhh but have they done it while presenting themselves as the crusader for the middle class?

[CARTEL]

LOL i honestly am becoming convinced this guy has no idea what he is doing.

Come on Tony.

You are too smart not to have been convinced long ago.

[tonymctones]

Come on Tony.

You are too smart not to have been convinced long ago.

i really wanted to give him the benefit of the doubt to be honest...but  as usual the gut instinct is usually right.