"The long-term deficit and debt that we have accumulated is unsustainable. We can't keep on just borrowing from China or borrowing from other countries," Obama told a town hall meeting event in New Mexico..."What's also true is at some point they're just going to get tired of buying our debt," he said. "And when that happens, we will really have to raise interest rates to be able to borrow and that will raise interest rates for everybody." [link]
We already know about the broken campaign promises, the lies about government transparency, lies about fixing spending etc... But take a close look at the quotes from our Liar-in-Chief, "We can't just keep on borrowing..." and a bit later "...raise interest rates to be able to borrow..." I mean what the hell! One moment he says we have to stop borrowing, and a moment later he says eventually interest rates will have to go up to continue borrowing.
Can this man speak without a lie spilling forth from his mouth, or some other form of deceptive doublespeak?
Friday, May 15, 2009
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