Wednesday, March 13, 2013

Obama the Magnificent makes the debt crisis vanish!

Flopping Aces ^ | 03-13-13 | DrJohn

ObamaMagician
In an interview with George Stephanopoulos, Barack Obama claimed that there was no "immediate" debt crisis:

Well– I understand. Which is why, at some point, I think I take myself out of this. Right now, what I’m trying to do is create an atmosphere where Democrats and Republicans can go ahead, get together, and try to get something done. And, y– you know– I think what’s important to recognize is that– we’ve already cut– $2.5– $2.7 trillion out of the deficit. If the sequester stays in, you’ve got over $3.5 trillion of deficit reduction already. And, so, we don’t have an immediate crisis in terms of debt. In fact, for the next ten years, it’s gonna be in a sustainable place. The question is, can we do it smarter, can we do it better? And– you know, what I’m saying to them is I am prepared to do some tough stuff. Neither side’s gonna get 100%. That’s what the American people are lookin’ for. That’s what’s gonna be good for jobs. That’s what’s gonna be good for growth.
Now that Obama is President, the debt will be in a "sustainable place"?
And don't you know that some of us bitter clingers have a crisis mentality:

Well, the– you know, those are still tough. But the conversations are still takin’ place. And– and part of what– I’m– I’m tryin’ to encourage Congress to think about is yes, we’ve got some big disagreements on the budget. But we’ve made some big cuts. There’s not– in any way– an immediate crisis with respect to– our finances. The economy is growing. And, you know, there may be disagreements that we can’t bridge right now– when it comes to financial situation. I’m hopeful that we can. But let’s not have this crisis mentality stall all the other progress that needs to be made to help– Americans find jobs, help Americans grow the economy.
But golly the debt sure was an issue in 2007:
http://www.youtube.com/watch?v=QZCzUecCT3M
In fact, Bush adding $4 trillion in debt was downright "unpatriotic"
]http://www.youtube.com/watch?v=1kuTG19Cu_Q
But now adding $6 trillion to the debt is magically "sustainable." Doesn't it seem that $9 trillion is more sustainable than $16 trillion? Or $20 trillion?
Whahappened?
expired
Then again let us not forget that once upon a time Obamacare was not a tax
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