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This from the One:
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.”
No kidding. So did he come just now come to this epiphany . . . Right after wracking up a world record national debt on borrowed money and driving our federal bond ratings to the brink of downgrading? As Instapundit quite pithily asked, "If Obama were trying to wreck America as a superpower, what would he be doing differently?"
