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

SAME AS the doctor that told the teen she had nothing to worry about, " Near term you don't have a pregnancy problem; BUT, in 280 days you WILL !"

Eagle

obongo is a commie.
In terms of transitioning the US to communism, debt and economic destruction is the plan.
Everything is going according to plan.

I think at this point, we can conclude that Obama is nothing short of a celebrity President, and has made every decision with the sole intent and priority to continue his presidency, not to help the country. When confronted with tough questions that are rare and watered down as it is, he deflects and deceives by placing blame, instead of presenting a viable solution to the growing number of problems facing the country. His response to the North Korea question was extremely troubling, because it was very clear that he not only did not know what their current capabilities were, he didn't seem to care. In short, the United States is in grave danger as long as he remains President.

Only 10 years left! It's not "immediate."

Yeah ok.

They are.

at this point only a total idiot would believe anything he says.....

THAT MUST BE A JOKE!! If you are raising your debt ceiling past the point where it is impossible to pay it back, and we are buying back our own debt....What would be a debt crisis then??? Who is this guy....wy was he hired away from the McDonalds deep frier?

He cant be serious, clearly he has no business being president. WHat a collasal moron! He actually thinks he knows what the american people want and deserve as well?.. some body impeach this dipshit already!

Could somebody please explain to Dear Leader that debt means money that must be paid back, or at a minimum serviced by paying interest.

17 trillion times 5%, say, means a lot of green no longer being shovelled into the socialist sinkhole. That's almost a trillion out of what should be a 3 trillion dollar budget.

^^^^^ this 100% Im sorry but dammit its true!

The only thing left is the American nightmare!!!

Not like were ever paying it back, so i see no crisis.

SPend it while we can.

I am going to say something I did not think would ever be said by me.. I HOPE ALL AMERICANS GET BIT HARD BY OBAMA"S IGNORANCE OF THE ECONOMY..problem is he will be long gone before the reality of what he has done will be visible to most.

There is only so much money.. with interest rates low the US governments payments on borrowed money are relatively low. The inflation rate has stayed low due to the FEDS pumping 85 billion funny money into the system. AT some point the total amount of money out there will be consumed by the federal government because of inflation.. becausee they have borrowed all the available money. There will be NO MONEY for business's homes cars.. and our kids our grand kids will be paying 85% of their entire income in taxes to pay for OBAMA"S follies.

Spoken from a guy who knows it all...

Or...KNOWS NOTHING.

So then the answer will be to borrow 5 times as much to make up the relative difference and put the cost back onto the future. Meaning borrowing 6x in the next year, 8x the next, and so on.



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More Obama lies, and rhetoric.....BUT the dependancy class eats this up, and that is all that matters to Obama. I myself would rather life a cows tail up, and wait for the hot air to hit me in the face, than hear the hot air coming out of Obama's mouth. Obama is here to destroy the economy...and he will with a giggly faced lazer whitened smile.

This is a prime example of how our public education has so completely failed us. Do you actually know how to read or understand the national debt numbers?

Reagan deficit spent, they did except Clinton and he got away with it by robbing from the social security trust funds and putting IOUs in place.

But Reagan did introduce moral hazard into our economy via the presidential working group on markets, i.e. the plunge protection team, now the BTFD crowd.

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had to to turn off CBS, they are fucking tards...god damn them...what a great moment and those assholes interview a couple of fucks telling them what they want the church to be...fuck them

I am sure the DRug Addict or Spending addict also agrees... PROBLEM ???? What Problem???

This is AMAZING....

The Democrats FAIL to ADMIT the USA is insovlvent... we are ALREADY BANKRUPT.....

Bernake has the money machine printing dollars and devaluing our money as we read this article... and NO ONE in News QUESTIONS.

Look at the VALUE of the DOLLAR GO DOWN.








'The trouble with socialism is that eventually ... you run out of other people's money" Margaret Thatcher ...

They are