Thank you Captain Obvious

Obama says we're busted. From a C-Span interview with Steve Scully:

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.

But wait, it gets better. The problem, you see, isn't that The One has been on a spending bender. Noooo, the problem is we don't have socialized health care (and, of course, the obligatory "it's Bush's fault", . In the very next part of that interview Obama says:

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.

So we've got a short-term problem, which is we had to spend a lot of money to salvage our financial system, we had to deal with the auto companies, a huge recession which drains tax revenue at the same time it's putting more pressure on governments to provide unemployment insurance or make sure that food stamps are available for people who have been laid off.

So we have a short-term problem and we also have a long-term problem. The short-term problem is dwarfed by the long-term problem. And the long-term problem is Medicaid and Medicare. If we don't reduce long-term health care inflation substantially, we can't get control of the deficit.

So, we are out of money and still spending like crazy, Medicare and Social Security are going broke quicker than expected, and O says the only solution is more government spending on health care. Anyone is still not convinced that government-run health care won't come with severe rationing is a moron.

Hope and change !!!