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11-18-2009, 06:57 PM #1
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Obama’s Past Due Epiphany on Federal Debt
Time to wake up and smell the coffee, Mr. President! With a simple flick of your veto bic, you can stop the carnage!
Obama’s Past Due Epiphany on Federal Debt
By John Lillpop
Wednesday, November 18, 2009
Consistent with his governing philosophy of accepting responsibility for nothing, President Obama is speaking out against soaring deficits as though he were an innocent bystander as reckless spending pushes America to the brink of being a third-world, failed state.
As reported, in part, at Reuters.com (1): http://www.reuters.com/article/marketsN ... 8620091118
“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.
“With the U.S. unemployment rate at 10.2 percent, Obama told Fox News his administration faces a delicate balance of trying to boost the economy and spur job creation while putting the economy on a path toward long-term deficit reduction.
‘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.â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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