What Is Obama Up To?

I don't know what Obama is up to but, on two separate occasions he has, in effect, criticized his own outrageous spending habits. On May 14th, he said that the current deficit spending is "unsustainable" and could result in skyrocketing interest rates for money being borrowed from other countries (See Full Story). Then, two days ago, in an interview with C-Span, the Drudge Report is quoting Obama as saying that "we are out of money" (See Full Story).

This guy is a sly politician; too sly to have slipped his tongue twice about his own excessive spending and the huge new deficits that he, himself, is largely responsible for. My guess is this is a "setup" for new taxes coming down the pike. For sure, he will probably "not" want to wait until 2010 to allow much of the Bush tax cuts to expire. Instead, expect him to call for a repeal of those cuts this year. These statements could also be a forewarning that all taxes, even those on the middle class, will have to be raised. If so, the Obama promise to not raise taxes on the middle class will just go down the toilet; just like so many other broken promises that he has made. Mark my words!