BREAKING…Obama admits ‘we’re out of money’

When Steve Scully of C-SPAN decided to take a lackluster Presidential news conference in a different direction this morning, he got some shocking comments from Barack Obama on the economy.

The President stated flatly, ‘We’re out of money.’

This marks the first time Obama has admitted that the U.S. is either standing on the edge of financial collapse or has already fallen off the precipice.

The question is, does this mean the U.S. is now bankrupt?  You decide.

Here is an excerpt of the transcripts of the exchange, as provided by Matt Drudge:

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. 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.

Of course the President is dead-wrong on the cause of the deficits.  He wishes to blame our current economic crisis on America’s healthcare system.  Not a single economist anywhere, not even on the Left, has even hinted that this is a major cause of the problem.

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The buck has to stop some where.  Today we got the results of the Nov 3rd ballot issues here in Belmont Co. OH.  Four issues failed at the polls. One issue (My fav) had the ‘magic words’ in it ‘elderly & children’ and still it failed by some 1500 votes.  Tomorrow we’ll see/hear the moaning and whining by the ‘tax and spenders’. IMO, it takes a huge amount of arrogance/hubris to put tax increases on the ballot in an economically depressed, as is the case here locally. The steel mills are dead and the mines will be gone, as soon as the ‘green weasels’ can get coal shut down.

The ‘tax and spenders’ always say its only a few mills or it will only amount to $25 dollars a year.  Well you take $25 here and $50 there and another $100 some place else and soon you’re into real money.  And really it doesn’t matter how little the tax is, its the principal of the thing!  It’s the taxpayers money!  It’s theirs and we/they have a right to the money.  Government at any level doesn’t have the right to take the money or IMO even ask for it. It’s our money not government money at any level!

The ‘tax and spenders’ aren’t taxing and spending you and I into the poor house.  They’re taxing and spending our grandchildren, great-grandchildren and several more ‘greats‘ into the poor house!  And while they’re doing it they’re lying through their Commie teeth!

So how do we the taxpayers fix this sort of thing at the Fed level? We vote out anyone who even mentions raising taxes.  We vote out anyone who advocates spending money we don’t have on worthless projects or pet projects.  And we keep voting these sort of people out office until we get the message across. “WE’RE MAD AS HELL AND WE’RE NOT GOING TO TAKE IT ANY MORE!”