US debt nothing to worry about short term
By laglen
@laglen (19759)
United States
September 20, 2012 10:11am CST
Let me preface this with saying I do not watch nor do I condone watching David Letterman. 
Obama, while not available for interviews with real journalists or Prime Ministers of ally countries, had time to go on a late night entertainment show.
Letterman asked him about the debt. Obama explained that the American people don't really need to worry about our debt short term. He also could not say what the debt was. $16 trillion he said I think $1O trillion. 
I find this upsetting. He also said that interest rates are low because people consider the US a good place. huh? no it is because Bernanke is playing a shell game.
Do you really think this is the best person for four more years?? 
Obama, while not available for interviews with real journalists or Prime Ministers of ally countries, had time to go on a late night entertainment show.
Letterman asked him about the debt. Obama explained that the American people don't really need to worry about our debt short term. He also could not say what the debt was. $16 trillion he said I think $1O trillion.
I find this upsetting. He also said that interest rates are low because people consider the US a good place. huh? no it is because Bernanke is playing a shell game.
Do you really think this is the best person for four more years?? 2 people like this
4 responses
@flowerchilde (12529)
• United States
21 Sep 12
With all the serious things going on right now, going on letterman seems very shallow to me.. and not knowing the deficit amount and saying it is only a long term problem seems very callous, who does he think will inherit this long term problem that we don't need to worry about (which to me seems implied in his answer)..
@bestboy19 (5478)
• United States
20 Sep 12
To answer you question, no he is not the best choice for the next four years. It's amazing how quickly a short term can end especially when we have a President with such a cavalier attitude about our debt.
You are right about Bernanke. What confidence is there in a country that devalues its own money? I was in Italy a number of years ago. Their money was so worthless they gave candy, hard candy, for change. If we keep going the way we're going, that could be us.
@laglen (19759)
• United States
21 Sep 12
candy is worth more than our dollar. And we are looking at even more devaluation. I know I for one have no confidence at this point in our dollar. I will start stocking up on candy. I figured food was a better investment these days anyway. Lord knows you can't afford gold, silver is catching up, and I don't have room to hoard oil.
@Rollo1 (16676)
• Boston, Massachusetts
20 Sep 12
Not that this is important or anything, but I remember David Letterman back in the old days - so long ago that his hair was red - and I remember when he was edgy and hip. Now, he's just a sad, bitter, angry and unfunny old lecherous weirdo.
I really miss Johnny Carson.
Now - I rather doubt that Obama doesn't know the amount of the debt, but I don't blame him for wanting to admit to it on national television, even in a friendly atmosphere. The worrying thing is the phrase "short term". The short term is what gets us all into trouble. This is the getting a hamburger today for a promise to pay on Tuesday. That works fine until Monday night. Just ask Wimpy.
We've got too many short term solutions that make the "Now" generation very happy. "Give it to me now, figure out how to pay for it later, not my problem."
Bernanke is going to pull as many rabbits out of his hat as he can to keep Obama looking good if he can because Romney already announced that he's going to fire Bernanke, if he is elected.
1 person likes this
@laglen (19759)
• United States
21 Sep 12
you are exactly right. "I will gladly pay you on Tuesday for food stamps today". Our president nailed a very honest answer there. He does not want to look at nor face where we really are and where we are really going. But of course the audience were his fans/base...
