And then claims, "in fact, for the next 10 years, it's gonna be in a sustainable place."
I just had to post this. It seemed so "out of whack" that I figured it would be something worth talking about: http://abcnews.go.com/blogs/politics/2013/03/president-obama-there-is-no-debt-crisis/
Take a look at The President's interview, and share your thoughts. I will say, upon looking at some of the comments in the article, these sum it up the best:
- "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the U.S. Government can't pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our government's reckless fiscal policies... Increasing America's debt weakens us domestically and internationally. Leadership means that 'the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem, and a failure of leadership. America deserves better." - Senator Barack Obama, March 16, 2006
- "The problem is, is that the way Bush has done in the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt form $5 trillion for the first 42 presidents - #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back - $30,000 for every man, woman, and child. That's irresponsible. It's unpatriotic." - Candidate Barack Obama, July 3, 2008
What do YOU think?