Comments on: Obama: We Are Out of Money Now (Updated)

By: Would you Want Health Care from the Post Office? : Liberty!

Would you Want Health Care from the Post Office? : Liberty! — Sat, 12 Sep 2009 10:42:22 +0000

[...] An exploration of how our rights and freedoms are in jeopardy 09.12.2009 Would you Want Health Care from the Post Office? The President admits the Post Office is in trouble, Medicare is in trouble, Medicade is in trouble. Heck Obama told us on May 23, 2009 that “We are out of money now” [...]

By: Mark

Mark — Sun, 24 May 2009 18:09:34 +0000

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.

Oh, yes, uh-huh. Those deep deficits have been caused by all the other decisions you’ve made since January 2009.

Thanks for your candor and awareness, Mr. President.

another tiresome diatribe for raising taxes from “business” writer Michael Hiltzik. Of course, gutting Prop. 13 is on his list, as it is with all those who yearn for higher taxes and bigger government.

And I notice that he and others with a similar mindset truly dislike, and always mention a need to eliminate, the requirement that the state legislature reach a two-thirds-majority vote in order to pass any budget.

By: JD

JD — Sun, 24 May 2009 15:59:37 +0000

We are out of money, therefore we must nationalize the healthcare industry. Makes perfect sense.

By: allan

allan — Sun, 24 May 2009 05:59:10 +0000

The premise alone is a glaring falsehood. A nation which is operating under a fiat monetary system does not run out of money, ever. It always has three options available: create more, create less, or make ongoing adjustments that leave the total money supply essentially unchanged.

If there’s no money for healthcare increases, then there how was there money for all the stimuli and bailouts, or for that matter for any deficit spending at any point in time? What has already run out is a fresh supply of buyers of US debt. If you weren’t alive in the late 1970’s, you may get a first hand look at a modern remake of that movie. All who were around then might do well to recall what it took to survive, or better yet, thrive. Not a few fortunes were made, even as the economy retreated and interest rates rocketed. I couldn’t get a construction loan even at 21% in 1981. I had a regular passbook savings account at a thrift bank paying out at 14.5%.

The pieces sure are falling into place again. Many new circumstances geopolitically, but so many market conditions are eerily similar from a trading/investing perspective.

By: Gazzer’s Gabfest » My middle name is Nuance, Barry Nuance Obama…

Sun, 24 May 2009 04:53:09 +0000

[...] Patterico has more, plus the usual lively discussion. [...]

By: Barack Obama: “We are Out of Money Now” … Barack Obama will go on to say, I Have Not Yet Begun to Spend | Scared Monkeys

Sat, 23 May 2009 23:52:57 +0000

[...] just quadruple the national deficit in one year and expect there not to be any consequences.” Paterico’s Pontifications calls it Barack Obama’s Memorial Day [...]

By: Apogee

Apogee — Sat, 23 May 2009 22:20:28 +0000

The Brits are correct. Obama is out of other people's money now.

By: JD

JD — Sat, 23 May 2009 22:13:00 +0000

How is it that nationalizing healthcare is the solution to the current deficit issues, when healthcare has not one damn thing to do with the ongoing financial issues? That the media allows this nonsensical “logic” from Teh One shows how far in the tank they are.

By: Soronel Haetir

Soronel Haetir — Sat, 23 May 2009 20:52:39 +0000

1.5% may be the narrative that the health industry can’t escape, but it will likely also be undeliverable. When folks finally realize that O didn’t give up on the happy weed this will just be one more thing they point to.

By: AD - RtR/OS!

AD - RtR/OS! — Sat, 23 May 2009 20:19:22 +0000

Comment by Brother Bradley J. Fikes, C.O.R. — 5/23/2009 @ 12:36 pm

Brother Bradley, it seems that Brother Hiltzek is in dire need of an ‘06-colonic, so as to “get his mind straight”.