Obama just said to ABC news "The Federal Government WILL go bankrupt if..."

Discussion in 'Economics' started by peilthetraveler, Dec 17, 2009.

  1. http://finance.yahoo.com/news/Singl...3.html?x=0&sec=topStories&pos=4&asset=&ccode=

    Obama repeated his demand for action, telling ABC News "the federal government will go bankrupt" if the health care bill fails...He said Medicare and Medicaid are on an "unsustainable" path if no action is taken.

    All i can say to this is...WOW. So our entire economy is riding on this health care bill. This is whats going to make us or break us, huh?

    But maybe this is like the bailout and how if they dont appove 700 billion dollars, then unemployment could reach 9%!!!! Oh..wait a minute...It did reach 9% didnt it?