Wednesday, November 18, 2009

Obama: Too much debt could fuel double-dip recession

From Reuters:

BEIJING, Nov 18 (Reuters) - President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession.

"It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession," he said.

No shit, asshole. The quit spending f*#@ing TRILLIONS of our dollars!!!!

This is completely typical of Barack Obama: say what the people want to hear while you're doing the exact opposite.

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