Obama: 'We Don’t Have an Immediate Crisis in Terms of Debt'

Sad to say it but he is right! The % of people in America ( and Britain)who know whats really going on with the economy, fed reserve etc is VERY small.

When you have an unlimited credit card backed by other people's money you don't have a debt crisis. When the bill comes due and the people footing the bill are out of money, out of work, etc. then "they" have a debt crisis.

Personally with the people I interact with I've seen more and more people "waking" up in the past 4 years.

Call me optimistic, but I see a trend in more people seeing the light then keeping their blinders on. At least with the people I interact with.

Of course he and his family don't have a debt crisis. Birthday party? Just dip into the taxpayers pocket. No problem. They are all the same.

For the record: I, for one, support our democratically elected, police state enforced, drone enhanced, tax and spend, corporate ass kissing, bankster controlled, zionist manipulated, totalitarian Overlords...

We democrats knew Obama would handle it.

He is right. And I am sure that they know exactly the day in which it becomes an immediate crisis.

Planned

Once they are wide awake they will see that they are in a trap. No way out.

Just wait till things start to look a little better in the private sector and the banks start raising the interest rates...then...the interest on the national debt will balloon and will eat nearly all the incoming revenue. They will borrow more and the interest will continue to climb...

If it's not a crisis right now...just wait...the real crisis and panic is just a couple interest percentage points away.

Even if, and that's a big 'IF', there was a legitimate election, and all signs point to it being filled with fraud, still only around 15% of the population actually 'voted' for Obama.

Democracy doesn't really exist in America.

There is no true democracy when some corporate backed politician comes to town, puts on a show, says 'Vote for me', then doesn't do what he says.

A true democracy involves groups of people getting together with many points of view, discussing things, then picking someone to TELL THE WORLD what they want. Not the other way around with the idiot politician telling the people what THEY will do.


Democracy in America? Doesn't exist, it's an illusion.

What, you think he is going to tell you anything different? lol. That is being retarded.

Kind of like 2007 when a few smart guys were saying, a crash is coming in the housing market. Everyone and their mother thought that was stupid. No warning from the government, everything was ok. Next thing we all know, the bottom drops out and the economy tanks. What happened??? The government knows what is coming years down the road, and they know where they are steering us. Why are they gearing up for martial law? Because this crash is gonna make 2008 look like a bump. Are we ready for $8 milk? $10 gas? Utillity bills going up 50%? How many people will be facng actual homelessness for the first time? Medicare and SS cut off? Once our currency has been devalued to near nothing, and hyperinflation takes over....all of these systems are connected. It will be a nightmare, and that isnt doom, its just obvious. The only solution that allows America to keep the status quo is a winning war against our lenders, and wiping of the slate. This would likely mean nuclear war, and if we look around the world, anyone see signs?

For anyone to think he is telling the truth, that to me is incredibly naive...but for anyone to think he is going to give an interview saying " well George, in the next two months the whole frickin thing is going down." is more naive. There would be mass panic, the market would be destroyed, rioting. They need martial law set up first so they can cntrol it all. False flag? Thats my best guess.

along with those free F-16's and M1 Abrahm tanks that he gave to the mooslime brotherhood, goes spare parts and american technicians. all on the tax payer dime. I'd like to know the total of that bill.

^^THIS^^

right...okay...so...

While you are not, the vast majority of Americans, black, white, liberal, conservative, or polka dot are complete troglodytic mouth breathers incapable of discerning the nutritional density between a tomato and cheese whiz.

I wish it were not so, however, it is clear the vast majority of Americans are like these trogs.

well the majority voted for him so just how wrong is he?

we are retarded...

Ronald Reagan run up the biggest debt in history yet somehow he is a hero to you right wing troglodytes. weird

I just wonder how far he thinks it has to go for the debt to be a problem.

I am so thankful Obama is my president.

Here is the interview. He says it in the interview, but ABC edited it out at the 1:30 mark. Go figure...



Last Edited by Rising Son on 03/13/2013 10:19 AM

Actually sunshine, congress spends the money and guess who was in charge of congress during Reagan's term, the democrats!!!!

Dick Cheney 2002
""Reagan proved deficits don't matter

Dick Cheney 2011
"we’ve gotten to this point where we are faced with a crisis in terms of the debt problem, that that’s going to give those of us who want to address that issue and fix it the leverage that we haven’t had up until now"

And his minuions will believe him...but I am not fooled!

After all it is a political fact that the presidency is only to blame for anything bad happening during their term is the prez is a democrat.

And yet black jesus has outspent Bush, so either you were wrong to criticize Cheney, or you are being hypocritical and protecting barry.

So which is it?????

Black Jesus has outspent founding father Washington through Bush.....combined.




Last Edited by Useless Cookie Eater on 03/13/2013 10:43 AM

You didn't know?