Obama: Too much debt could fuel double-dip recession

[bobbyw24]

BEIJING, Nov 18 (Reuters) - President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession.

With the U.S. unemployment rate at 10.2 percent, Obama told Fox News his administration faces a delicate balance of trying to boost the economy and spur job creation while putting the economy on a path toward long-term deficit reduction.

His administration was considering ways to accelerate economic growth, with tax measures among the options to give companies incentives to hire, Obama said in the interview with Fox conducted in Beijing during his nine-day trip to Asia.

"It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession," he said.

http://www.reuters.com/article/marketsNews/idUSN188108620091118

[paulitics]

BEIJING, Nov 18 (Reuters) - President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession.

With the U.S. unemployment rate at 10.2 percent, Obama told Fox News his administration faces a delicate balance of trying to boost the economy and spur job creation while putting the economy on a path toward long-term deficit reduction.

His administration was considering ways to accelerate economic growth, with tax measures among the options to give companies incentives to hire, Obama said in the interview with Fox conducted in Beijing during his nine-day trip to Asia.

"It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession," he said.

http://www.reuters.com/article/marketsNews/idUSN188108620091118

There was an article not too long ago from Politico, that they got the inside scoop that the new paradigm that the white house would promote is fiscal responsibility.

They would still try and sell the global warming scam under "jobs creation".

I kid you not. And here we are, they are already smugly touting this B.S after bankrupting our country 10 times over, and they believe we will fall for it.

Election season is gearing up, and this is the only reason why they are shifting gears. It is a charade, played by actors on stage. The agenda is to still trash the dollar, get us further in debt, and have us paying more taxes, some of which will go to an international bank.

[bobbyw24]

Obama would have made George Orwell proud

[Zippyjuan]

As he pushes to get the $800+ billion healthcare bill passed.
"tax measures" and other ways of "spuring job creation" will add to the debt too.

[tangent4ronpaul]

As he pushes to get the $800+ billion healthcare bill passed.

It's more like 3 Trillion.


"tax measures" and other ways of "spuring job creation" will add to the debt too.

"tax measures" - ie: cutting them for businesses and individuals is the absolute best thing they could do right now.


"It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession," he said.

if the real unemployment numbers were widely known - that would do it... Beck and Rand are the only ones that have mentioned it, and both low balled it.

-t