"Mortgaging our children's future"...who said that?
 

On May 14 in New Mexico Obama said,

“The current deficit spending is “unsustainable,” ....“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.”

Classic Sol Alinsky doublespeak. Who is driving deficit spending with bailouts, socialized medicine, more entitlements, redistribution of wealth and the biggest budget in the history of the world? Could it be......the Obama administration? You know, the guy that just said, "We're mortgaging our children's future."

Doesn't anyone notice or care about the colossally audacious hypocrisy?

Is this an example of the "good things going on in Washington?"

Is this an example of transparency and truth?

Does this set the stage for the biggest, most usurious tax assault on our society in American history? Will our children be giving more than 70% of what they earn to feed an insatiable, ever growing government cow? Will job producing corporations collapse under a tax burden they cannot be competitive under? How is reducing the quality of life for our children and grandchildren better than mortgaging their future?

It brings new meaning to, "God bless America, stand beside her and guide her..".

God bless all our veterans who answered their country's call. God bless those who are serving now. Bless their families and loved ones as proud Americans across the nation acknowledge their service.

I apologize if the closing religious overtone offends those who have acknowledged and articulated their preference for a more secular society, but, when I stopped at the Post Office this morning Old Glory was still waving and the mutts in Washington haven't trashed the Bill of Rights including the First Amendment completely....yet. Nah...I take it back, the apology was transparently insincere anyway.

Drive safely this Memorial Day weekend.

Good post CABO. Only thing I can add is what I have been saying since the campaign...

Dont listen to what he says...watch what he is doing !

Another perfect wxample of Obama's use of the well
 

written speech (some think!!) making use of the feel good words to fit the audience....with no consistent connectivity to what was said previously.

Teleprompter fodder depth only!!!

BTK

Th USA Is Far From Alone
 

If anything, the U.S. began ramping up it's borrowing years later than the rest of the world, particularly Europe. But the shortage of funds available to buy the debt securities issued to fund sovereign debt is reaching it's limits.

In the coming year, the collective total of deficit spending by nations in the world will total approximately $5.4 trillion dollars. Of that, the U.S. will have to borrow $3.2 trillion, about 60% of the total sovereign debt in the world. That's the bad news. The good news is that the risk-rating of debt issued by the U.S. government is still far superior to that of other nations. What that means is that those buyers with the liquidity to buy sovereign debt instruments will very likely be drawn to the purchase of U.S. debt. While it will pay a lower interest rate, it will also represent materially less risk than the debt of other nation-states.

What's scary about these numbers is that the amount of debt projected to be borrowed is about 3.75 times the combined gross national product of all the countries in the world--an all-time historical high by quite a margin.

Kahuna and anyone else with banking or global finance knowledge or opinions.

The bond rating of the United Kingdom has just been lowered. Many say the United States is next because of Washington's astronomical, irresponsible budget deficit and the increased national debt it will create.

Will the predicted lowering of the USA's bond rating effect foreign interest in the debt investment you refer to?

I respect your knowledge and expertise in banking and financial matters from your previous posts. I admit being an amateur with just enough knowledge about high finance to make me extremely dangerous.

He is so damn popular
 

I agree with most of what has been said. I am not so smooth. I just think the damn fool is trying to ruin this great country!!!:cus:

As long as so many people love him, what can we do?:shrug:

Yoda

A member of the loyal opposition

This nation has survived in spite of several less-than-stellar presidents, many lunatic congresspersons, and a few narcissistic generals. The list may get longer, but the nation shall endure....

Steve, I agree with you but I don't remember one with intent, just incompetent ones.

Yoda

A member of the loyal opposition

In his behalf, please remember that this bailout started before he took office. Split the blame for that part, at least, instead of putting it all on him.

Just because it started before he got here doesn't mean he had to continue it to the most extreme measures. There were choices, he chose wrong... again.

You can't always just "erase" what a previous administration has started. These programs are like a contract, and have to run their course, you can't just come in and "stop" things always. And, by your previous posts, by what I see, anything he does will be wrong to you, no matter what. You're no different than the people who always bashed and blamed Bush for everything, wether it was actually his fault or not.

Wrong.

Everything we are seeing now is 100% Obama and the liberal controlled government, no one else.

I'm not happy at all with Bush and I despise what Obama and his radicals are doing to my country.

Just like corporate America....no splitting the so called
 

responsibility. When one takes the top job, POTUS or other(s) one owns it all on day one. Lack of performance or allowing a non beneficial plan to continue cannot be disowned.

The POTUS is responsible for the state of the nation...good/bad/otherwise....not just the parts he likes or his constituency likes.

This isn't T ball with parents growling, ya know!!

BTK

Viewing the current economic situation and The Big O's administration's plans, I fell both put out and at the same time somewhat liberated. I really feel sad that I am not entitled to carp about the current kerfuffle that throws all of today's debts on "our children." I don't have any kids, so I guess it's your kids, grandkids, and, if the gov't still allows them, great-grandkids who will pay off my debt. Thanx.


`

Intent? Really? Psychic are We?
 

Boy, you guys still can't figure out why the nation bounced the right wing out- and it wasn't just the Executive. And now, in your wisdom, you simply place "intent" instead of treason as Obama's sole reason for carrying out the very policies he very publicly promised to enact. (Of course, you won't give him credit for backstepping on the photos or briefings, even though he was listening to his generals, unlike a certain former president)

How does Bucco put it? oh yeah, "Right wing poop"