Obama Says U.S. Can't Keep Borrowing From China

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Bob
User offline. Last seen 33 min 14 sec ago. Offline
Joined: 02/03/2008

Every day that goes by, I'm amazed by some of the things our President says in public.  I'm really beginning to believe he thinks all Americans are ignorant to what is going on in Washington.  While in RIO RANCHO, New Mexico, Obama said this -

"The long-term deficit and debt that we have accumulated is unsustainable. We can't keep on just borrowing from China or borrowing from other countries," Obama told a town hall meeting event in New Mexico.

"We have to pay interest on that debt and that means that we're mortgaging our children's future with more and more debt," he said. - New York Times

Now who the hell does he think increased our debt to record levels?

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