Hope Don’t Pay the Bills

Conn Carroll / July 15, 2009

At last night’s All Star game, President Barack Obama told Joe Buck that the federal government couldn’t bailout the National League because “we’re out of money.” This is not the first time Obama has used that phrase. He told CSPAN the same thing on May 23rd. And yet earlier today, President Obama praised the House Democrats’ health care bill which creates $1.3 trillion in new entitlement spending in just the first ten years. Perhaps Obama needs a little refresher on the principles of finance:

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