Obama On Debt: "We Don't Have To Worry About It Short Term" (video)

RealClearPolitics ^ | September 18, 2012 | RealClearPolitics

[i88schwartz]

When asked if he remember what the national debt was when he entered office, President Obama said "I don't know what the number was precisely." Obama told Letterman "we don't have to worry about it in the short term."

"A lot of it we owe to ourselves. Because if you invest in a treasury bill or something like that then essentially you're loaning the government money. In fact, the majority of it is held by folks who live here, but we don't have to worry about it short term," Obama said.

[funfan]

What do you think all the ammo is for that the gonverment is hoarding.

[PghBaldy]

It’s funny, when he was running for TOTUS the last time, he thought the much smaller Bush-era debt was terrible.

[Soul of the South]

If the debt were OK, the private markets would be buying it all and the Fed would not be printing money.

[Hokestuk]

Don’t worry, be happy. What about China? China is holding much of our debt. And Romney needs to play up this scary but true point in ads.

[Twinkie]

“It’s funny, when he was running for TOTUS the last time, he thought the much smaller Bush-era debt was terrible.”

You’re right! I’d forgotten about that! - I think he counts on the gullible voters to be mesmerized and forget what he said yesterday. - I feel like I’ve been on a constantly running roller coaster the past four years! His mouth does constantly run.