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Obama said there is " no immediate crisis. " The " chill out" seems to be your own value add.
This is all about SS and Medicare entitlements. Instead, people seem focused on welfare mamas and that the Obama family did not dine on a 59 cent can of corn last night.
He said its at a sustainable level for the next 10 years.
I wonder where he buys his rose colored glasses. He seems to know a lot for a chump that never held a job before or owned a business. 176 days wonder boy is about it.
The rest i wonder about is if there will be another election ever............. and when puppet man will step down if he does, and what the USA will be when and if that happens.......
I guess maybe golf ball makers and gun makers are doing well.
Funny that Obama basically says they've done enough and it's sustainable for 10 years, and the leaders of his own debt commission (remember them?) completely contradict him:
Too Obama the debt is no big deal because he knows that is what is propping our dead economy. See, he is more concerned with his legacy and he wants it written where the economy showed gains over the Bush years. His legacy will include Obamacare, amnesty for illegals, and successfully steering the economy away from a depression.
Why would Obama want to destroy his legacy and cut the deficit and thus slowing our propped up dead economy?
It’s hard to turn on your TV or read an editorial page these days without encountering someone declaring, with an air of great seriousness, that excessive spending and the resulting budget deficit is our biggest problem. Such declarations are rarely accompanied by any argument about why we should believe this; it’s supposed to be part of what everyone knows.
This is, however, a case in which what everyone knows just ain’t so. The budget deficit isn’t our biggest problem, by a long shot. Furthermore, it’s a problem that is already, to a large degree, solved. The medium-term budget outlook isn’t great, but it’s not terrible either — and the long-term outlook gets much more attention than it should.
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Recently the nonpartisan Center on Budget and Policy Priorities took Congressional Budget Office projections for the next decade and updated them to take account of two major deficit-reduction actions: the spending cuts agreed to in 2011, amounting to almost $1.5 trillion over the next decade; and the roughly $600 billion in tax increases on the affluent agreed to at the beginning of this year. What the center finds is a budget outlook that, as I said, isn’t great but isn’t terrible: It projects that the ratio of debt to G.D.P., the standard measure of America’s debt position, will be only modestly higher in 2022 than it is now.
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