Gee, do ya think?
The United States' climbing national debt could drag the country into a "double-dip recession," President Obama warned in an interview with Fox News Wednesday from China, though he said he's still considering additional tax incentives for businesses to reverse the rising unemployment rate.
[. . .]
"I think it is important, though, to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession."
Golly. Increasing the debt during a recession might be bad. Who knew? If Obama says it's so, it must be so. Tax incentives for businesses? What a concept! Just a friendly word of advice: If adding to the debt is bad, STOP ADDING TO THE DEBT!!
