No tiene Dinero! Obama spends it all - We are out of Money

C-SPAN host Steve Scully interviewed Obama on Saturday:

SCULLY: You know the numbers, $1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money?

OBAMA: Well, we are out of money now. We are operating in deep deficits, not caused by any decisions we've made on health care so far. This is a consequence of the crisis that we've seen and in fact our failure to make some good decisions on health care over the last several decades.



But here is Candidate Obama explaining why we have got to make Spending cuts and blames Bush on deficit:

"I think it's important just to remember a little bit of history.When George Bush came into office, we had surplus. And now we have a $0.5 trillion deficit annually. When George Bush came into office, our debt, national debt was around 5 trillion. It's now over $10 trillion. We've almost doubled it.
And so while it's true that nobody's completely innocent here, we have had, over the last eight years, the biggest increases in deficit spending and national debt in our history. And Senator McCain voted for four our of five of those George Bush budgets.
So here's what I would do. I'm going to spend some money on the key issues that we've got to work on.....so we are going to make investments but we also got to make some spending cuts.......but actually i'm cutting more then i'm spending".