> Obama Regime Report < Obama Regime Report: Obama Spending Like A Drunken Muslim Pirate Proclaims US is Broke

Today's world headlines

Saturday, May 23, 2009

Obama Spending Like A Drunken Muslim Pirate Proclaims US is Broke

Is this perhaps just the way he planned it? And the democrats as well? It sure happened in a record amount of time with a record pork filled budget and porkulus ACORN like political cronie payoffs to boot

not to mention the bailouts for all of Obama's financial supporters at GE and NBC, along with Wall Street who he claimed to despise so much yet is owned by, and last but certainly not least his co owner George Soros, who i might remind you all just proclaimed this crisis to be the high point of his life..

Here's an interview being reported on Drudge with cspan and please pay particular attention to the near incoherent ramble in one section I emboldened out of 2 where each run on and rambling sentence begins with the word SO

The second one being a question were he's asked about becoming a SCOTUS member after POTUS to which I say PUKUS....
In a sobering holiday interview with C-SPAN, President Obama boldly told Americans: "We are out of money." C-SPAN host Steve Scully broke from a meek Washington press corps with probing questions for the new president.

SCULLY: You know the numbers, $1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money?

OBAMA: Well, we are out of money now. We are operating in deep deficits, not caused by any decisions we've made on health care so far. This is a consequence of the crisis that we've seen and in fact our failure to make some good decisions on health care over the last several decades.

So we've got a short-term problem, which is we had to spend a lot of money to salvage our financial system, we had to deal with the auto companies, a huge recession which drains tax revenue at the same time it's putting more pressure on governments to provide unemployment insurance or make sure that food stamps are available for people who have been laid off.

So we have a short-term problem and we also have a long-term problem. The short-term problem is dwarfed by the long-term problem. And the long-term problem is Medicaid and Medicare. If we don't reduce long-term health care inflation substantially, we can't get control of the deficit.

So, one option is just to do nothing. We say, well, it's too expensive for us to make some short-term investments in health care. We can't afford it. We've got this big deficit. Let's just keep the health care system that we've got now. Along that trajectory, we will see health care cost as an overall share of our federal spending grow and grow and grow and grow until essentially it consumes everything...

SCULLY: When you see GM though as “Government Motors,” you're reaction?

OBAMA: Well, you know – look we are trying to help an auto industry that is going through a combination of bad decision making over many years and an unprecedented crisis or at least a crisis we haven't seen since the 1930's. And you know the economy is going to bounce back and we want to get out of the business of helping auto companies as quickly as we can. I have got more enough to do without that. In the same way that I want to get out of the business of helping banks, but we have to make some strategic decisions about strategic industries...

SCULLY: States like California in desperate financial situation, will you be forced to bail out the states?

OBAMA: No. I think that what you're seeing in states is that anytime you got a severe recession like this, as I said before, their demands on services are higher. So, they are sending more money out. At the same time, they're bringing less tax revenue in. And that's a painful adjustment, what we're going end up seeing is lot of states making very difficult choices there...

SCULLY: William Howard Taft served on the court after his presidency, would you have any interest in being on the Supreme Court? OBAMA: You know, I am not sure that I could get through Senate confirmation... Developing...


The urge to save humanity is always a false front for the urge to rule it. H. L. Mencken

No comments:

Post a Comment

Some rules: No leftwing attacks nor Obama supporters so don't waste you're time & especially mine. All 99% others welcome to have your say.

Web chicagoray.com

One last thing...Fair Use, Photoshop Usage, Legal

Statement on Fair Use

This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner or may be authorized or licensed for publication at this site only. Permission to copy, republish or reproduce such material must be obtained from the original copyright owner PHOTOSHOP STUFF.....When the photoshops appear on this site they either have my name on them becuase I made them or tweaked an original in which case I link to the original by clicking the pic. Please take all you want, that's why they're here, just leave the name as is like I do, and I would be eternally grateful. Ask and I'll tweak it for your site if you need it... More here

Back To The Page Top