Posted on 01/28/2009 7:31:05 PM PST by Libloather
Obama worries US debt may shape legacy
Tue Jan 27, 5:21 pm ET
WASHINGTON (AFP) – President Barack Obama told Republicans behind closed doors Tuesday that he worried about the soaring US debt because "I will be judged by the legacy I leave behind" on the economy, a source said.
Wooing lawmakers openly hostile to his stimulus plan, Obama also warned that the current recession was "different, deeper, and global," and that inaction could cause "irreparable" economic damage, said a Republican participant.
But "nobody is more worried about the deficit and the debt than me," he told Republicans who charge the 825-billion-dollar stimulus plan is far too large and packs far too little economic punch, the source told AFP.
"I will be judged by the legacy I have left behind. I don't want to leave our children with a legacy of debt. I am inheriting an annual yearly debt of over one trillion," the official quoted Obama as saying.
Obama, who had been pressed for assurances that the stimulus plan would not be an excuse to raise taxes or tolerate runaway spending, also promised that his first budget would have "a realistic approach to eliminate debt, and bring down spending."
But he also warned that the current paralyzing recession was "different, deeper, and global" and that "at the pace we are going, we are doing irreparable damage to our economy," the source said.
(Excerpt) Read more at news.yahoo.com ...
If that wasteful pork bill makes it, there should be no problem!
I don't want to leave our children with a legacy of debt.
Stop spending very expensive American taxpayer money on things no one (except radical leftists) wants.
What a leader!
so we’ll find out about his BC AFTER he leaves office?legacy? roflmao
he’s such a narcissist!
Hussein Obama’s legacy will be the destruction of the USA.
Asshole. Concentrate on governing and providing inspirational leadership and the “legacy” takes care of itself. Only the world’s most immature and egotistical person would even THINK about his “legacy” on day 8 of a failed administration.
OholiO... FU
Actions speak louder than words.
He’s wrong, his legacy is secure. Zero will forever be the first elected, black empty-suit to the US presidency.
Coulter is right - libs love playing the victim role. This was just Bambi’s way of wiping the current situation off on Bush again.
8 days in he’s worrying about what people will think of him? There are few other things he should be worrying about IMO. His arrogance doesn’t allow him to worry about the job ahead of him apparently, just how it will be percieved and affect his ego.
The man wanted the job, and now he has it. Welcome him to the real world.
Behind closed doors, eh? Poor Hussein.
"I don't want to leave our children with a legacy of debt"
Yet he spends like a drunken Somali pirate.
Obama only cares about himself, not the American people. His legacy, how about fixing the damn economy Obama, besides trying to make this country into a Socialist country!! Obama wants love, if he doesn’t get it, he will wither away like a prune
What a fool.
Tax and spending cuts stimulate the economy (not wealth redistribution) Oh Barak the Naive.
...and inflaming hatred toward Israel.
Closet conservative? I think not.
BINGO! “He’s such a narcissist!”
Yes
Then veto the stimulus bill
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