Obama: There is no debt crisis

[sc281]

With unsubstantiated rise, there will be a fall. It has happened before and will happen again.

He was being facetious.

[Denny]

Ha!

[SS Junk]

[Forever_frost]

(CNSNews.com) – Rep. John Conyers (D-Mich.), the ranking member of the House Judiciary Committee, said on Thursday that the nation’s current debt of $16.7 trillion is “not endangering” the country, adding that “some debt is not a bad idea” and that he and other congressional Democrats “don’t think there’s a problem.”

Conyers and other liberal Democrats spoke at a Capitol Hill press conference about their initiative to compel Congress to cancel the across-the-board budget cuts (sequester) of $1.2 trillion over 10 years, which actually are reductions in the rate of increase in federal spending and amount to $44 billion for this year. [...]

Conyers said, “Let me let you understand, first of all, that the debt is not endangering us a bit — not at all. Our economists say we’re in debt but it’s not endangering everything. As a matter of fact, there are economists that say some debt is not a bad idea at all.”

http://weaselzippers.us/2013/03/15/dem-rep-john-conyers-16-7-trillion-deficit-not-endangering-us-a-bit-we-dont-think-theres-a-problem/

[46Tbird]

Leveraging debt to expand productivity = good

Giving away the farm = bad

Dumb motherfuckers.

[Trip McNeely]

This guy lives in la la land.