Hussein warns that too much debt is a bad thing

What!!? Are you kidding?

I guess not. Here is the link.

From the article:

President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession.

This President warning about a need to reduce the federal deficit is sort of like the pot calling the kettle black.

More from the article:

With the U.S. unemployment rate at 10.2 percent, Obama told Fox News his administration faces a delicate balance of trying to boost the economy and spur job creation while putting the economy on a path toward long-term deficit reduction.

That is not a delicate balance. That is being stuck between a rock and a hard place. And the rock and hard place are closing in.

It just gets better and better:

"It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession," he said.

" . . . in the midst of this recovery, . . . " LOL!! That is sort of like if you were in an airplane that is diving at the ground and the pilot came over the PA and said "It is important to recognize if we keep pushing the stick forward, even in the midst of us pulling out of this dive, that at some point, people could lose confidence in this airline in a way that could actually lead to it going out of business." Just keep pushing that stick forward and I'm sure we'll recover. We may pull a 5g outside loop and end up flying upside down if we're lucky and the wings don't come off.

The funniest part of this whole speach is that it was given in China. There must be some irony in that somewhere.