Obamanomics: 'We have to go spend money to keep from going bankrupt'

Posted July 16, 2009 at 5:47 PM

http://exurbanleague.com/2009/07/16/obamanomics-we-have-to-go-spend-money-to-keep-...

This is the quote that could derail Obamanomics: **"We have to go spend money to keep from going bankrupt."

**Michael Kinsley famously observed that a gaffe is when a politician accidentally tells the truth. Today, our famously gaffe-prone Vice President accidentally revealed the heart of the Obama economic plan:

Vice President Joe Biden told people attending an AARP town hall meeting that unless the Democrat-supported health care plan becomes law the nation will go bankrupt and that the only way to avoid that fate is for the government to spend more money.

“And folks look, AARP knows and the people working here today know, the president knows, and I know, that the status quo is simply not acceptable,” Biden said at the event on Thursday in Alexandria, Va. “It’s totally unacceptable. And it’s completely unsustainable. Even if we wanted to keep it the way we have it. It can’t do it financially.”

“We’re going to go bankrupt as a nation,” Biden said.

“Well, people when I say that look at me and say, ‘What are you talking about? You’re telling me we have to go spend money to keep from going bankrupt?’” Biden said. “The answer is yes, I’m telling you.”

Biden is the Fredo of this Administration. And Rahm's getting the fishing boat ready.