Reuters
Tuesday, June 16, 2009 5:50 PMWASHINGTON (Reuters) – President Barack Obama said on Tuesday that worrying about the U.S. government’s finances “keeps me awake at night” and the country needed to start planning now to tackle soaring deficits.
In a pair of interviews on CNBC and Bloomberg television, Obama defended increasing government spending to prevent the recession from worsening, and warned the unemployment rate may hit 10 percent this year, a level not seen since 1983.
“There’s no doubt that we’ve got a serious problem in terms of our long-term deficits and debt,” he told CNBC. “I make no apologies for having acted short term to deal with our recession.”
Should have thought about this before he gave all our money to the bankers, and by the way unemployment is more like 22%, only 9.4% are collecting unemployment benefits, the rest are just out of luck.
By the way, where is your birth certificate Obama?
