In a new interview with CSPAN host Steve Scully, Barack Obama has admitted that the United States is broke.
When asked about the overwhelming defect and debt American is currently in, Obama bluntly stated “we are out of money now,” and incorrectly blamed health care costs for the catastrophe the country faces.
Here is a transcript of the full question and answer from the CSPAN interview, courtesy of The Drudge Report:
SCULLY: You know the numbers, $1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money?
OBAMA: Well, we are out of money now. We are operating in deep deficits, not caused by any decisions we’ve made on health care so far. This is a consequence of the crisis that we’ve seen and in fact our failure to make some good decisions on health care over the last several decades.
So we’ve got a short-term problem, which is we had to spend a lot of money to salvage our financial system, we had to deal with the auto companies, a huge recession which drains tax revenue at the same time it’s putting more pressure on governments to provide unemployment insurance or make sure that food stamps are available for people who have been laid off.
So we have a short-term problem and we also have a long-term problem. The short-term problem is dwarfed by the long-term problem. And the long-term problem is Medicaid and Medicare. If we don’t reduce long-term health care inflation substantially, we can’t get control of the deficit.
So, one option is just to do nothing. We say, well, it’s too expensive for us to make some short-term investments in health care. We can’t afford it. We’ve got this big deficit. Let’s just keep the health care system that we’ve got now.
Along that trajectory, we will see health care cost as an overall share of our federal spending grow and grow and grow and grow until essentially it consumes everything…
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So this dope bankrupts the country, then acts like he didn't do it. Typical Liberal trick of accusing others of what it is that you yourself are doing.
Hey dog can you lends me some mens and I’ll hit you back in 2050?
Buy a shotgun to hunt with, a fishing pole to fish and a knife to clean what you get. You are not going to get anything from the government. We are on the way to total destruction.
Johnny is right of course. I jut thoughtof something. With that comment the bomster, may be setting the stage to wipe our your savings via hyper inflation. After all there are no coincidences and he did put us in this situation to do what? Even the playing field of course. So now if you have some money you soon wont, he says we are broke, and that means he is arranging that.
If affluent whites that voted for Obama get wiped out by hyper inflation, the joke’s on them. If union workers loose their good medical policies to the government-run financial triage health care scam. the joke’s on them. For all the Jews that loyally voted for a fascistic regeme that appreciates islamic terrorists more than Israel, the joke’s on them. For all the “moderate” Republicans who want to reach across the isle to Democrats, play fair, and go along to get along, the joke’s on them. For all the open minded and liberal hearted votors that think since America is the richest nation on earth it can afford to perpetually help the poor and therefore vote Democrat, the joke’s on them.