Barack Obama: “We are Out of Money Now” … Barack Obama will go on to say, I Have Not Yet Begun to Spend
What happens when one just spends and spends and spends …
In an interview on Friday President Barack Obama told C-SPAN, “We are out of money now.”
From The Drudge Report:
In a sobering holiday interview with C-SPAN, President Obama boldly told Americans: “We are out of money.”
C-SPAN host Steve Scully broke from a meek Washington press corps with probing questions for the new president.
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.
We all know there are consequences to one’s actions and as the Gateway Pundit states, “You can’t just quadruple the national deficit in one year and expect there not to be any consequences.” Paterico’s Pontifications calls it Barack Obama’s Memorial Day message.
As Wizbang points out … Behold, the Obama Administration’s sales pitch for nationalized health care:
There you have it. We have to save money on health care or else we’ll be financially ruined by the cost of Medicare and Medicaid. And only the government — presumably by forcing helping doctors to make “cost efficient” health care choices — can turn our rising health care costs around and eventually make health care less expensive (while also making it equally available to everyone and miraculously innovative …
People act like we have not seen this Barack Obama healthcare model before. We have, it was called US Healthcare HMO on the early 1990’s where doctors were restricted from seeing patients if they did not get on certain panels and patients were not only prevented from receiving proper healthcare, they were prevented from seeing their life-long physicians. Who honestly thinks that the government should ever make a healthcare decision? Take a look at what has gone on at the VA.