President Obama warned that the U.S. economy could slip into a double dip recession unless urgent steps are taken to reduce the rising public debt. Obama said it will be tricky to boost the economy to create jobs -- the unemployment rate hit a 26-year high of 10.2 percent last month -- while cutting the deficit and debt. But hasn't stimulus spending been one of the things that caused the country's debt to grow so fast? (Watch Obama warn of a double-dip recession)
Yes, Obama's warning about a disaster he caused: How "infuriating," says Jim Hoft in Gateway Pundit. President Obama spent nearly a trillion dollars from his stimulus bill to create jobs that never materialize -- nearly tripling the national debt in less than a year in office -- and he's the one saying we're piling up too much debt? "Unreal."
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