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May 24, 2009
Comrade Obama: "We're Out of Money Now"
Ever wonder how long the Obamination Administration can continue flinging our money to the four winds before it runs out, and the entire country follows California down the tubes toward insolvency? Here's your answer:
C-SPAN's Steve Scully: You know the numbers, $1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money?
Chairman Zero: Well, we are out of money now.
Yet the spending spree is still picking up steam. Next on the shopping list is nationalized healthcare.
Maybe putting children in charge of the federal government wasn't such a good idea after all.
On a tip from The MaryHunter. Hat tip: Gateway Pundit.
Posted by Van Helsing at May 24, 2009 10:11 AM
Comments
In 2012 my campaign will be based on this
"Now that I have 4 years of experience it's time to take my training wheels off--vote for me, I promise I have changed!!!!"
Posted by: BHO at May 24, 2009 10:26 AM
If I had been the interviewer:
"Well, we are out of money now."
"WHAT THE HELL DID YOU JUST SAY?"
Posted by: KHarn at May 24, 2009 3:11 PM
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Posted by: scott at May 24, 2009 4:10 PM
Another reason to institute registering is to stop the fucking SPAMMERS!
Posted by: KHarn at May 24, 2009 4:47 PM
Here comes aDEPRESSION so bad it,ll make the GREAT PEPRESSION look like a picnic
Posted by: SPURWING PLOVER at May 24, 2009 8:29 PM
Saying "we're out of money" on national TV sure is a great way to head off any downturn in Chinese demand for U.S. government debt.
Goodbye AAA rating! Thanks, Obama!
Posted by: mandible claw at May 25, 2009 1:10 AM
At this point the interviewer should have asked "Is this why the Federal reserve is now buying Treasury notes? So that we can now take it straight from the printing press to the Treasury?" and "How long do you expect to be doing this Banana Republic accounting trick?"
Posted by: rick g at May 25, 2009 3:47 AM
I’ll tell you what, this holiday weekend news continues to raise my cause of concern for the country.
I’ve been tracking the price of gold with the widget http://www.learcapital.com/exactprice and it’s been interesting to watch the price of gold rise in the May when typically it doesn’t. And now I’m wondering just what’s going to happen to the price tomorrow at the opening of the markets with this news from the President?
More or less he’s basically said the dollar is worthless. That's sent a striking message to all those holding US debt.
Tomorrow is going to be one interesting ride.
Posted by: Hal at May 25, 2009 9:18 AM
From OBAMA Please send us 100% of what youve earned and we,ll send it to ACORN
Posted by: SPURWING PLOVER at May 25, 2009 11:35 AM
