Share This: Obama Claims Debt is in a “Sustainable Place”
Obama has now admitted that he doesn’t want a balanced budget — even eventually. He also doesn’t think we should worry about the national debt because it’s not an “immediate crisis”. In fact, Obama thinks we’re in a “sustainable place” — his words, not mine. This kind of ignorance will force the rest of us to pay economic hell, eventually.
Ignore everything this individual screamed at the top of his lungs in 2006 when another party was in the White House — suddenly, he doesn’t care about radically exploding debt, and doesn’t think you should either. His economic maturity is like a child who refuses to take medicine for an illness because he isn’t dying yet. It could kill us — or at least the economy.
Obama’s reasoning was that if we cut spending and cut taxes, the economy won’t grow. Ignore the fact that this makes no economic sense. Ignore the fact that people need full-time jobs to be created before they get paid. This man’s economic philosophy isn’t about economics — it’s just about ways of rationalizing his power lust. He’s not the first leader in history to do this, and he won’t be the last.
Obama: Don’t Balance for the Sake of Balancing
You can see his full excerpt here, but he essentially says something that sounds good. We should focus on economic growth in order to grow revenue, and then used Clinton as an example. One problem: Clinton actually balanced the budget, worked with other teams, and had a massive bubble created by tech stocks and low interest rates… something we can’t do again.
So how do we grow? We have to create jobs. Obama couldn’t care less. He’s used up his political capital pushing government healthcare, fighting religious liberty, droning the crap out of other countries, and disarming law-abiding Americans. Precious little of Obama’s time has been spent actually figuring out how to get jobs created.
Why? Because an American with a job is less useful to his agenda than an American on welfare. Sorry, but it’s true, and someone has to say it. When someone’s power depends on getting people dependent, then he’s going to do what’s necessary to keep people dependent.
Debt Isn’t an “Immediate” Crisis? Really?
The central banks of the entire world agree that the dollar won’t be a reserve currency in 10 to 15 years. That’s because our debt problem is getting out of control and the dollar is likely to be challenged by either gold, some basket of currencies, or something else. That’s a crisis. And yes, it’s immediate.
But Obama doesn’t care, or doesn’t seem to think so. In fact, he thinks we’re on a great path. He even said to ABC News:
We don’t have an immediate crisis in terms of debt… In fact, for the next 10 years, it’s gonna be in a sustainable place.
This is a flat-out lie, and even ABC News had a problem with it. We have someone engaged in lying to America. For what purpose? To what end? Folks, if you think his goal is a stronger economy with people getting to the middle class, I have some bad news.
We’re under attack from the inside — just like every founding father warned us about. They don’t want you independent. They don’t want you standing on your own two feet. They want you economically crippled and begging for scraps — that’s when people will trade liberty for a bowl of soup.
We have to warn others so they know what’s even going on. Please spread this message via Facebook and Twitter.
The Truth About DC:
The media is trying to hide the truth, but now you can bypass them. Get our newsletter now: