He said that?
I had to blink a few times when I read President Obama’s comments at a town hall meeting in New Mexico.
He said current federal deficit spending is “unsustainable” and will lead to a bunch of economic problems.
“We can’t keep on just borrowing from China. We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt,” he said.
Eventually, this debt will lead to higher interest rates, and that will drag down the economy, he said. (Read about his comments here.)
I agree. But isn’t this the same guy who just proposed a $3.59 trillion budget, with an estimated budget deficit of $1.26 trillion by 2010, and who proposed a measly $17 billion in budget cuts — all while working on a health care proposal that is going to cost billions, if not trillions, more?
Sounds like he’s got the right lyrics, but he’s singing the wrong tune.
Does anyone believe Obama or Congress is going to push the nation into real fiscal responsibility?



