Laying the Predicate: Obama Admits Long-Term Debt "Unsustainable"

And something, it seems, will have to be done about that.

He's talking up "spending cuts" even as he spends more and more. And he's selling his universal health care rationing program as some kind of savings, because, somehow, this will drive costs down. Or somethin'.

I think we sort of know where this is headed. He's going to pull the old con man/manipulative move of talking around a possibility, until it ultimately starts occurring to people "Hey, maybe we need to raise taxes on ourselves!"

At which point Obama will exclaim, "Wow, what an interesting idea! I had never even pondered the possibility of such an idea so much as entering my mind until you said it just now. But now that you mention it... Golly Gee Willickers, that sure seems to make a tremendous amount of sense! Sorta cuts the Gordian Knot right in half with a decisive chop, doesn't it? You really are a very smart person, you know that? Here, have a cookie."

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.

Shut up, really?!

“We can’t keep on just borrowing from China,” Obama said...

The deuce you say. That's just crazy-talk, that's what that is.

“We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.”

No. Dude, just no. The words you're saying just make no sense when assembled in this order.

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.”

What? Profligate spending and ruinous borrowing might dampen our future economic growth?

I want to say "Blasphemy!," but somehow that word seems inadequate to express my horror at these vile heresies. Is there a word that means both "blasphemy" and "mutant genital pustules that have evolved a malevolent cunning and a hunger for human flesh"?

Because that's the sort of word I'm grasping for here.

We on the right are so dumb we of course could not possibly have foreseen this before Lord God Obama explained it to us.

...

Two weeks ago, the president proposed $17 billion in budget cuts, with plans to eliminate or reduce 121 federal programs. Republicans ridiculed the amount, saying that it represented one-half of 1 percent of the entire budget. They noted that Obama is seeking an $81 billion increase in other spending.

Stupid tea-bagging racists, "noting" stupid stuff like that.

Thanks to JackStraw.

posted by Ace at 07:54 PM

| Access Comments