"It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession."I have to ask, did he keep a straight face when he said this? Yes President Bush left a deficit, when he left office. This is a fact that cannot be disputed. But President Obama came in and TRIPLED the deficit. T-R-I-P-L-E-D it. Now he says that adding more to the debt could weaken the economy? But he wants a universal health care plan that according to current estimates will cost 1.3 trillion over 10 years. And given the fact that Medicare has cost roughly 9 times more than originally estimated, this monster could easily cost 10 trillion dollars. And there are rumblings from congress that another "stimulus" package is needed. MORE DEBT.
Does Obama really mean what he said here? He keeps spending more and more money and the debt is so huge that it is practically unfathomable.
I actually agree with his statement, but how can can he say it with a straight face? His policies have set up this house of cards to fall. The dollar is weak and there is nothing being done to strengthen it. Inflation is coming. There is so much money sitting out there not being spent, that when it is, the economy could overheat causing massive inflation. If (in my opinion it is a matter of when) this happens say goodbye to the minuscule growth that is happening right now, and this depression (yes I think it is a depression) will worsen.
I think I have seen this movie before.