Obama’s Revelation! Deficit Spending Is Unsustainable???

You’re kidding right? Deficit spending is unsustainable? I thought that this deficit spending was the key to reviving economic growth? Isn’t more better? Speaking in New Mexico this week, the dilettante in chief warned us about our deficit spending problem, and the implications for the future.
From Bloomberg…

May 14 (Bloomberg) — President Barack Obama, calling current deficit spending “unsustainable,” warned of skyrocketing interest rates for consumers if the U.S. continues to finance government by borrowing from other countries.
“We can’t keep on just borrowing from China,” Obama said at a town-hall meeting in Rio Rancho, New Mexico, outside Albuquerque. “We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.”

Now, its not that I think he’s wrong, there are many Conservatives who’ve been saying this for years. My question is this: why, after proposing a $3.59T budget – including the largest single year deficit of all time by any measure, is he pointing this out? One does not naturally follow the other. I mean, it’s not like he went to the local D.C. hip-hop club on Friday night, and woke up Saturday morning with a $3.59T bar tab credit card receipt for in his pocket. It’s been pretty obvious to everyone – including him. And now, he warns us about spending deficits?
I know his subsequent comments had to do with health care costs, but there’s something else here. Did China convey that they would not be buying any more debt? It’s possible, but I think that its something else. I believe he is laying the predicate for a massive tax increase on ALL Americans – not just those rich bastards. Get ready, this is the same bait and switch that Clinton pulled at the start of his Presidency – promise a middle class tax cut and then raise taxes.
Brilliant!!!
-OMB