Obama cites 'legitimate fears' about debt

latimes.com ^ | September 13, 2010 | Michael A. Memoli, Tribune Washington Bureau

[Dubya-M-DeesWent2SyriaStupid!]

Obama cites 'legitimate fears' about debt

The president says conservatives are 'right to be concerned' about deficit spending, but he says that extending tax cuts for the wealthiest Americans would only exacerbate the problem.

President Obama acknowledged Monday that the government's response to the financial crisis created "legitimate fears" about the nation's growing debt, but argued that extending tax cuts for the wealthiest Americans would only exacerbate the problem.

Speaking in the backyard of a Northern Virginia family before an audience that included small-business owners, Obama renewed his debate with Republicans over the best course to jump-start a sluggish economy, just as members of Congress returned to Washington.

[BenLurkin]

He is a dedicated Bolshevik.

[rightistight]

Obama should just walk around with a ‘duh’ sing strapped to his forehead.

[bareford101]

some family in northern virginia left the backyard gate unlocked!

[Admin Moderator]

Quit Placing everyting you post in FP!

[henkster]

I read this crap and I just want to start screaming....

[ilovesarah2012]

Then he wouldn’t have room for his birth certificate.

[Dubya-M-DeesWent2SyriaStupid!]

He can’t be this stupid.

The average small business that provides jobs with benefits makes more than $250K a year easily.

A beauty Salon, HVAC company,Automated Ice machine,Car wash,
Tan Salon, Antique store,book store,laundry mat, doctors office and so on and so on....are shut down/frozen under Obama

[pnh102]

*facepalm*

[SonOfDarkSkies]

Obama is trying to mislead Americans into believing that a reduction in "tax rates" is the same thing as a reduction in "tax revenues."

It is not.

[RicocheT]

Omama worries about debt when he wants to divert our attention from his run away spending and rush to big government.

[basil]

"The president says conservatives are 'right to be concerned' about deficit spending, but he says that extending tax cuts for the wealthiest Americans would only exacerbate the problem."

To this, I have just three words:

NO SHIT SHERLOCK!

[F.J. Mitchell]

We hear from many people who understand financial matters much as Zero does. Most of them dropped out of second grade and have never read a word since.

[grobdriver]

he says that extending tax cuts for the wealthiest Americans would only exacerbate the problem

Only when you look at the economy through a static model, you Moron!

[Dubya-M-DeesWent2SyriaStupid!]

[Chunga]

Are you saying you agree with the president regarding extending tax cuts for the wealthiest Americans??

[basil]

Whoops!—meant to leave off the last part (extending the tax cuts for the wealthy—blah blah blah)

[CT]

He really does speak out of both sides of his mouth.

[BenLurkin]

Worse than Clinton.

[Le Chien Rouge]

Kiss your 401k’s and IRA’s goodbye.