Chutzpah !!

After spending trillions of dollars, PrezBO has come to the conclusion that US deficit spending is unsustainable.

“We can’t keep on just borrowing from China,” Obama said at a town-hall meeting in Rio Rancho, New Mexico, outside Albuquerque. “We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.”

Wasn't that one of the rally cries of those deranged, racist "teabaggers"??

But the President/GM CEO/Overlord of the financial sector blames consumers:

The president said Americans have been hooked on their credit cards and share some blame for the current system. “We have been complicit in these problems,” he said. “We have to change how we operate. These practices have only grown worse in the midst of this recession.”

Of course he hasn't exactly been frugal with taxpayer dollars. Time to break out this deficit chart again before we hear how it is all Bush's fault.



And we still have to finance health-care "reform".