White House "Not Cool" with Trillion-Dollar Deficits as Far as Eye Can See

Fixing the economy is merely a convenient excuse for the theft of taxpayer money, the bailing out of the banks, and the covering of losses on behalf of other key financial insiders. Once these insiders are made whole, the Treasury will announce that the recovery is solidly in place and the markets will be allowed to crash, again. The oligarchs probably expected to be out of the markets by now, but my sense is that their losses were so huge, even the government was unable to cover them. Hence, my fears for the future of the dollar. They may well bankrupt the system in the process of trying to save themselves.

Mr president injected TRILLIONS of dollars only to transfer the debt of bankers & investors to taxpayers. Those so called profits of financial banks are not real for the past 20 years. Those profits are borrowed from future. That's why we see they almost collapsed if Mr president hasn't spent taxpayers money to bail them out. They should have pay the debt back. But thanks to our Mr. President, they DO NOT NEED TO. Instead, they can pay themselves record high bonus this year and look at us out of job. Farther more, now they took our money and transfer debt to us via deficit-- which must be paid back by us, with interest to them. Isn't that sooooo COOL.

Were in V shaped already, How high before you guys admit its a V otherwise if it gets too high it will be an N and questionable to become an M. Who cares about deficit. The chinese and japanese keeps buying treasuries anyway. If they are concerned they would have been out by now. They need us so we can siphon their money when our currencies depreciate. We would still owe them the same in gold terms. They'll take the big loss just like the Japanese took when they wrote off the chunk of assets in the 90's. We should do the same for these stubborn chinese. HAHAHA. Just buy GS AAPL and your ok. Onwards to 12-14000 dow.

economic 101 ,Obama and his administration spending the 1 trillion dollars , that we do not have... They could not be any dumber if you cut of there heads............ (thank you DR,Phil for that )

The economy needs to be allowed to deflate. A commodities rally doesn't not bode well for the health of the economy.

Awesome, keep them printing presses running. This is great if you own gold and silver. Remember, real money doesn't burn or rip.

Awww, that's nice that he's "not comfortable" with that. Maybe when he gets to the point of being Extremely Uncomfortable like the rest of us, he'll stop spending so dang much!!

The second leg down is coming. These kind of economics will cause bankruptcy of the USA. The stimulus was desinged to go into affect before the 2010 elections so that the Democrats can win, but in time the system will collapse, it is just a matter of time.

Question: historically, did a "recovery" from a sharp down-turn ("recession" or depression) show sucker GDP growth prior to the next leg of the down-turn? This is what everyone should be asking.

How many times did she say wonderful, can you say KOOLAID

Let me get this straight, the President signs off on all sorts of MASSIVE spending, causing massive trillion-dollar deficits. Oh and he's NOT cool with that. So, his next step is to make sure we spend even more money on health care reform. Never before, have we had such clueless people in charge!!!!!

It has been hard watching the feast go on and on, but the smart INVESTORS know the food was tainted. Desert is being served now, but the smart INVESTORS will swoop in after the vomiting is over.

I'm deep in debt and I don't care if the country goes deeper into debt, as long as I can make some money. And I'm not worried about my kids future either, they'll figure something out by then I'm sure. This is America! And America is too big to fail!

It's simple folks, MASSIVE middle class tax increases are Obama's preferred way to solve the deficit. Get ready to be a slave of the government, with over half the fruits of your labor going to the big D.C. plantation master. Unless people reject Obama and the Democrats and vote them out of office, freedom will R.I.P. in the USA as we all become slaves of the government.

If the Gov't gets any more disconnected with the real world, they will be on another planet, Hey wait- that's a great idea!!

She's so bright and cheery. I feel better already. Now I want to re-elect all incumbents.

I'm not sure "generates" is the right word for taxes. "Collects" is probably closer. It's not like the government is a business with a bit of red ink, where if we can just push it into the black it's self-sustaining.

I feel that Ms. Christina Romer could be anencephalic or simply, it could be the hopium talking...

Please stop with the high volume Yahoo yell at the end of the video!!!!

I feel that Ms. Romer could be anencephalic or simply, it could be the hopium talking...