Barack Obama: I'm Not Going To Chase A Balanced Budget, Just For The Sake Of It

[Wehrwolfen]

By Joe Weisenthal
03/13/2013


Barack Obama did an interview with George Stephanopolous on the debt and and budget talks that are happening now.
The transcript is here. :
(Transcript: President Obama?s Exclusive Interview With George Stephanopoulos - ABC News)

There are probably two big headlines to come out of it. One is that the two sides are too far apart for a grand bargain.

The other is that Obama says there's no immediate debt crisis.

The latter is the most controversial because people will say Obama is in denial, but it's objectively true. Borrowing costs are very low, and for the next several years, deficits are likely to be at what people call "sustainable" levels (levels that aren't bigger than nominal GDP growth).


(Excerpt)

Read more:
Barack Obama: There's No Debt Crisis - Business Insider

 

[Katzndogz]

He could spout such nonsense because he does not understand what fiscal sanity is. That's just a reminder the Bob Woodward may have been right when he said that obama was mad.

 

[Dot Com]

ummm..... didn't you post the same "cut 'n paste" Buisiness Insider tripe ystrdy? Theres a reason that no one except Katzndogs responded :yawn:

BTW- the President's right that budgets are NOT just about bean-counting/austerity you asswipe, they're about funding programs that help keep 'merica in the forefront of innovation in particularized fields.

 

[OriginalShroom]

Yet this is the same man that called President G. W. Bush Unpatriotic for having a $10 trillion debt but isn't blinking at his own soon to be $17 trillion debt.

 

[yidnar]

ummm..... didn't you post the same "cut 'n paste" Buisiness Insider tripe ystrdy? Theres a reason that no one except Katzndogs responded :yawn:

BTW- the President's right that budgets are NOT just about bean-counting/austerity you asswipe, they're about funding programs that help keep 'merica in the forefront of innovation in particularized fields.

you can not deny the fact that this man does not want to balance the budget .