Barack Obama: “Not Spending Money Is Mortgaging America’s Future”

President Obama was in New York City today addressing Democratic donors and imparting more of his liberal logic.

(Politico.com)

And more of that new math.

“Not Spending Money Is Mortgaging America’s Future.”

CNS News reported –

Deficits are not the only thing that could mortgage America’s future, President Barack Obama told Democratic donors in New York on Thursday. He stressed it would be mortgaging the country’s future if government did not spend money on certain areas.“There’s more than one way to mortgage America’s future,” Obama said at The Town Hall in New York. “We mortgage that future if we don’t get a handle on our deficit and debt, but we also mortgage it if we’re not investing in those things that will assure the promise of the American Dream for the next generation.”

Obama, in the speech, broadly defined the government expenditures needed to ensure prosperity for the next generation that should not be sacrificed for deficit and debt reduction.

Wait a minute, I thought a mortgage was borrowing. Now not borrowing is mortgaging? And they wonder why we want to see his college transcripts.

In addition, when comparing the Republican budget proposal to his proposal, the President said this:

“It’s a vision of a small America, of a shrunken America, where those of us who are lucky do great and don’t have to give anything back, and we can pull up the ladder behind us,” Obama said of the GOP plan at an earlier DNC fundraiser that same day at the Waldorf Astoria in New York.

Of his plan, he said, “We imagine a big America where we’re investing in the same kind of science that invented the Internet.”

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