President Barack Obama, calling current deficit spending "unsustainable," warned of skyrocketing interest rates for consumers if the U.S. continues to finance government by borrowing from other countries.
Talk about throwing yourself under the bus! First Obama presses for the largest single-year deficit in US history, and then he does a complete 180 effectively admitting it was a bad idea.
Anyone with an adjustable rate loan should be forewarned. You're next in line for the government sponsored fleecing machine!