Obama goes on Letterman and says we don't have to worry about the debt "short term"..

Obama went on Letterman and said we don't have to worry about the debt "short term" but we have to worry about it "long term".

Wow. Oh, wow.

I mean, when should we start worrying about the debt if now is not the time?

The debt is $16 trillion which is as much money as the GDP.

So do we worry when the debt is double GDP?

Any way, its obvious that Obama does not take this problem seriously.

If Obama gets re-elected he will continue to spend money and grow government and to hell with the consequences.

That much is clear.

I want to know from you Obama people.

How do you defend this man?

 

A Romneybot goes online and makes a post without a link

 

Obama's way of thinking:

I can't be out of money, I still have checks left!

 

Right. he learned that from Bush.

 

Read more: http://www.businessinsider.com/obama-debt-deficit-letterman-2012-9#ixzz26yaoVX1e

Well, we also have to worry about the debt in the "medium term" but not in the "short term."

What the hell does this mean?

I mean, does Obama just plan to kick the can down the road and make the NEXT President solve the problem?

It would appear that is EXACTLY what he means.

"We don't have to worry about this in the short term" means: "I am not going to tackle this problem during my next term if I am re-elected."

 

Really???

Is that the best you can do?

You do realize that talking about Bush does NOTHING to solve our problems TODAY?

Why are you still defending Obama when he has no plan to rein in government spending and bring down the debt?

Why???

 

Thanks buddy, sorry if I sounded rude earlier, but I'm more interested in how to defeat this administration, I know Romney is part of it. key is to wake up all the people in denial.

 

If Reagan and Bush hadn't run up so much debt, we wouldn't have to worry about it at all.

 

4. Perhaps the best proof that you are dreaming is that you have absolutely no proof that I EVER defended Obama.
3. Bush was only used as an attempt to wake you up.

 

Sitting on your ass and not voting is a sure to not defeat anything......
.
.

 

Voting for people you saw on the same television station as previous leaders is equivalent of voting for the same people

 

There's no point in talking about Reagan, Bush, Bush II or anyone else including George Washington.

Obama is President NOW and it is HIS JOB to deal with this crisis and he is DOING NOTHING and says this is not even a problem to worry about "short term."

When we are using US dollars as wallpaper is that the time to start worrying?

 

The republicans have made it their job to make sure Obama can't do his.

 

Do you really think that the Romney Adminstration would reign in spending? The GOP lauds Ryan as the Boy-Wonder of finances but seem to forget that he approved anything the Bush Amdinistration wanted to do. Romney/Ryan ARE BIG government and for corporate welfare. Romney has already said he will increase Defense spending. That means he will TRY to cut programs he does not like and funnel that money into getting us closer to a $1 Trillion dollar Defense Budget. COnservatives can try and convince themselves that the Romney crew is small government, but they are only lying to themselves.

 

Obama is an absolute turd, I knew it since 2007 when he first appeared. my mission is bigger than to identify one turd in the sea of turds, my mission is to replace puppet administration with a leader who is not hiding in the shadows and using puppets like fishermen use worms on the hook of a fishing rod.

 

WOW...indeed. So...Dick Cheney and Obama agree huh? Deficits don't matter. I guess they don't.

 

Blackrook shouldn't tell mistruths. Currently the debt is about 78% of GDP and that's during an economic slowdown. When the economy picks back up it should drop down to the 60-65% range. However, if no changes are made to taxes, spending and commitments to spending and if a regular boom and bust cycle is assumed, by about 2030 the debt WILL be 100% of GDP. That 100% is the figure for borderline fiscal danger (Greece, Spain and Italy are all a little over 100% at the moment).

So that's what the President meant. The debt situation is not so bad that we need to panic (the short term) but within four and one-half presidential terms ( 18 years) it will be a crisis if we don't tackle it (the long term). Personally, I think it's more like two more Presidential terms (8 years), because I think another global financial crisis will kick in around then and the economy will plunge again.