World-News

The American Spectator
by Jeremy Lott

05/26/09

‘We are out of money,’ Obama said, apparently of his own free will. He also said that the government has had to spend ‘a lot of money’ to ’salvage our financial system,’ and to ‘deal with the auto companies.’ He admitted that that the U.S. is in the midst of a ‘huge recession,’ which ‘drains tax revenue’ from federal and state coffers and puts ‘more pressure on governments’ to provide vital services with fewer resources. The president might write these off, collectively, as a ’short-term problem,’ but it’s pretty hard to admit all these things and then convince Americans they should double down...

http://spectator.org/archives/2009/05/26/we-are-out-of-money


Informant: Thomas L. Knapp



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