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.
“We are out of money”. No shit. And newsflash, B. Hussein: It’s because of all of the money you’ve flushed down the toilet bailing out Democrats’ banking disasters and sinking your teeth into the auto industry.
The decision to finance your socialist blunders is an epic fail.
The country’s in good hands.