Obama Warns About U.S. Debt

By Douglas V. Gibbs

It's the biggest set-up in history. Create debt, devalue the dollar, and then warn against doing so.

Is Obama sucking up to the Chinese, our biggest debtor?

Obama gave a warning about the need to contain rising U.S. deficits, saying that if government debt were to pile up too much, it could lead to a double-dip recession.
The unemployment rate at 10.2 percent is too high, and Obama is trying to figure out how to boost the economy, encourage job creation, reduce the deficit, and spend like a crazed politician all at the same time.

I have had nightmares that made more sense than this.

Be ready for hefty tax increases that will produce less revenue than expected because of further killing the economy.

And just in time for Christmas.

By next year we will all be a bunch of Tiny Tims and Bob Cratchets.

-- Political Pistachio Conservative News and Commentary

Obama: Too much debt could fuel double-dip recession - Reuters