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avatar4321
05-27-2009, 04:54 PM
http://www.glennbeck.com/content/articles/article/198/25832/



GLENN: President Obama was recently asked a tough question. Yes, believe it or not they will happen once in a while. The interviewer, C Span hosts Steve Scully, asking about soaring trillion dollar deficits and said at what point do we run out of money? Here's what Barack Obama said.

VOICE: You know the number's $1.8 trillion debt, a national deficit of $11 trillion. At what point do we run out of money?

[snip]

PRESIDENT OBAMA: Well, we're out of money now.

So the President of the United States is openly saying we are out of money. So why should we be spending more money we don't have?
MtnBiker
05-27-2009, 05:54 PM
So the President of the United States is openly saying we are out of money. So why should we be spending more money we don't have?

Simple, so he can tax us more and control us more.
Kathianne
05-27-2009, 06:11 PM
Simple, so he can tax us more and control us more.

We are heading for a pit:

http://meganmcardle.theatlantic.com/archives/2009/05/sovereign_woes.php


But I do want to point to two articles that point to a growing problem that the Obama administration has failed to address in any serious way: the exploding deficits, and the resulting need to borrow heavily. USA Today points out that tax revenues are plummeting at the same time as spending is exploding:....
Noir
05-27-2009, 06:25 PM
Any nation that has a national debt is 'out of money' and any money borrowed is borrowed against expected future earnings, in the same by that a normal person who is out of money can go into debt against future expected earnings, so obama is right to say y'all are outa money.
red states rule
05-27-2009, 07:26 PM
Any nation that has a national debt is 'out of money' and any money borrowed is borrowed against expected future earnings, in the same by that a normal person who is out of money can go into debt against future expected earnings, so obama is right to say y'all are outa money.

Great bumber sticker and it sums up Obama's economic policy

http://www.patriotdepot.com/images/products/detail/SocialismChains.jpg