"OBAMA MAN" CAN »
Posted By pc25 5 months, 4 weeks ago in Political NewsCanadian comedian Greg Morton weighs in on the current financial crisis and how President Obama plans to get us out of it.
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Jaydee405 months, 4 weeks ago
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Religion is like vinyl siding, all looks but no structure. Many people in the community go to church on sunday looking all proper but then go home and break half the ten commandments on the weekly basses feeling like all the need do is ask for forgiveness before dying and all is well. Christians have been told this is about self preservation but they have more to worry about from people like me that Islam. All religion must be shown for to lies it tells.
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nostalgia5 months, 4 weeks ago
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I can't even imagine the chutzpah!
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Bloomberg.com May 14
Obama Says U.S. Long-Term Debt Load ‘Unsustainable’
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.
“We can’t keep on just borrowing from China,” Obama said at a town-hall meeting in Rio Rancho, New Mexico, outside Albuquerque. “We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.”
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.”
Earlier this week, the Obama administration revised its own budget estimates and raised the projected deficit for this year to a record $1.84 trillion, up 5 percent from the February estimate. The revision for the 2010 fiscal year estimated the deficit at $1.26 trillion, up 7.4 percent from the February figure. The White House Office of Management and Budget also projected next year’s budget will end up at $3.59 trillion, compared with the $3.55 trillion it estimated previously.
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.-
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jimdoze5 months, 4 weeks ago
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"I can't even imagine the chutzpah" is accurate.
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Outlandish, Monumental, Beyond Imagination (1.84 trillion adjectives) Chutzpah would be better.
It is called "Speaking out of both sides of your mouth"...
It it weren't so tragic, it would be interesting to watch Obama learn the art of rhetorical triangulation
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Klarissa5 months, 4 weeks ago
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"The American people will never knowingly adopt socialism. But, under the name of 'liberalism,' they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened."
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- - Norman Thomas, U.S. Socialist Party
Presidential candidate 1940 -
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Jaydee405 months, 4 weeks ago
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My take on the video is Obama has money for any corporation that wants it. Here is the multi trillion dollar question. Where is it coming from? Bush messed up so bad the Chinese had to bail them out and now the current government handing out incredible amounts of bailout money. The US dollar should be worth about 5 cents right now, is anybody ever going to call them on their book keeping?
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