Now you notice?

By Tracy R Twyman

Obama is now lecturing US about deficit spending, including HIS deficit spending! From Bloomberg:

President Barack Obama, calling current deficit spending “unsustainable,” warned of skyrocketing interest rates for consumers if the U.S. continues to finance government by borrowing from other countries.

“We can’t keep on just borrowing from China,” Obama said at a town-hall meeting in Rio Rancho, New Mexico, outside Albuquerque. “We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.”

Holders of U.S. debt will eventually “get tired” of buying it, causing interest rates on everything from auto loans to home mortgages to increase, Obama said. “It will have a dampening effect on our economy.”

OK, so let’s translate this. What was the propaganda purpose for putting out this message? Is this to prepare us for the “sacrifices” that Obama warned us would be necessary in order to bring about his envisioned utopia? Are we talking about paying increased taxes, or a federal seizure of privately-owned gold assets (which FDR did to Americans in the 30s, destroying their wealth)? Are we talking about, as I heard an economist say on Fox Business the other day, the government outright handing over foreclosed properties from American government-controlled banks to foreign creditors as debt payment? Or are we talking about all of the above? My guess is D.

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