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| Economy |
| Obama Says U.S. Long-Term Debt Load ‘Unsustainable’ - He has nothing to do with it. |
| 2009-05-14 |
| 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.” The president pledged to work with Congress to shore up entitlement programs such as Social Security and Medicare and said he was confident that the House and Senate would pass health-care overhaul bills by August. “Most of what is driving us into debt is health care, so we have to drive down costs,” he said. |
| Posted by:GolfBravoUSMC |
| #4 Besoeker, none of those listed refer to Jesus Christ or the Holy Spirit, those two uniquely Christian aspects of God. Nor do they refer to any religion. The God they refer to could as easily be the Divine Watchmaker so beloved of 18th century deists. |
| Posted by: trailing wife 2009-05-14 23:57 |
| #3 It is amazing to me to watch the increasingly obvious way Zero simply lies to our face. He says what polling and focus groups have parsed as the most popular language regarding any issue, and then acts as if he is reading from something written by Trotsky or Lenin and following that playbook. I am increasingly convinced he is executing a "Social Justice" agenda embraced deeply in his intellectual and educational beliefs and that he and fellow traveller Rahm simply plan to squeeze the bourgeoise until they scream, and then claim racism and squeeze some more. If they can feed enough ACORN registered voters who simply vote for the guy that gives them some of what others have earned, and do it in the next four years effectively, they will have secured the country permanently under one-party rule till the husk is sucked dry. Absent massive, vocal and threatening dissent by those of us who actually still believe in American Exceptionalism and the core ideals of our Constitution (the real ones, not the inferred ones), we are in an accelerating political death spiral whose end state is violence..... I never actually believed we would be on this slippery a slope, or so quickly. The sloth and ignorance of my generation and my childrens stands guilty of letting so much of this slip away while we were pursuing petty bullshit and material plenty. For that, we need to apologize to our grandchildren! |
| Posted by: NoMoreBS 2009-05-14 20:20 |
| #2 Obama also said....in Turkey : "We do not consider ourselves a Christian nation or a Jewish nation or a Muslim nation. We consider ourselves a nation of citizens who are bound by ideals and a set of values." I found this very interesting. Do you know the Preamble for your state? . . Be sure to read the message at the bottom! Alabama 1901, Preamble We the people of the State of Alabama , invoking the favor and guidance of Almighty God, do ordain and establish the following Constitution.. Alaska 1956, Preamble We, the people of Alaska , grateful to God and to those who founded our nation and pioneered this great land. Arizona 1911, Preamble We, the people of the State of Arizona, grateful to Almighty God for our liberties, do ordain this Constitution... Arkansas 1874, Preamble We, the people of the State of Arkansas, grateful to Almighty God for the privilege of choosing our own form of government... California 1879, Preamble We, the People of the State of California , grateful to Almighty God for our freedom... Colorado 1876, Preamble We, the people of Colorado , with profound reverence for the Supreme Ruler of Universe... Connecticut 1818, Preamble. The People of Connecticut, acknowledging with gratitude the good Providence of God in permitting them to enjoy. Delaware 1897, Preamble Through Divine Goodness all men have, by nature, the rights of worshipping and serving their Creator according to the dictates of their consciences... Florida 1885, Preamble We, the people of the State of Florida, grateful to Almighty God for our constitutional liberty, establish this Constitution... Georgia 1777, Preamble We, the people of Georgia , relying upon protection and guidance of Almighty God, do ordain and establish this Constitution... and the list goes on, and on. |
| Posted by: Besoeker 2009-05-14 19:15 |
| #1 this is akin to the arsonist putting on a fire safety class. |
| Posted by: hammerhead 2009-05-14 18:43 |