In a Saturday, May 23 interview with CSPAN Obama was asked with 1.7 trillion debt and deficit of 11 trillion at what point do we run out of money? His answer: “Well we are out of money now.”
We were out of money before he tried to “jump start” the economy with a $787 billion stimulus package.
The Congressional Budget office has a nice graphic pointing out our debt realities too, with a squiggly line going off the charts with Obama’s proposed budget.
Jimmy Carter, 1976 – 1979
Ronald Reagan, 1980 -1987
George Bush, 1988 – 1991
Bill Clinton, 1992-1999
George W. Bush, 2000 – 2008
Barack Obama, 2009 – see line off the chart
This on the heels of a new Rasmussen survey that the biggest problem in this country is the unwillingness of politicians to control government spending.
REPEATABLE: This spending is all our fault – our American arrogance. And it is Bush’s fault. Whatever it is, it surely cannot be Obama’s fault. Stock up on sugar and canned goods – inflation is coming. And we have not even started paying for Obama’s national healthcare plan.