Open Thread

May 24th, 2009 10:39 AM

For general discussion and debate. Possible talking point: We're out of money!

STEVE SCULLY, C-SPAN: You know the numbers, $1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money?

PRESIDENT OBAMA: Well, we are out of money now. We are operating in deep deficits, not caused by any decisions we've made on health care so far. This is a consequence of the crisis that we've seen and in fact our failure to make some good decisions on health care over the last several decades.

So, we're in the current condition because of health care? And we're out of money BUT should start a new entitlement program? Finally, Medicare and Medicaid are in financial trouble, but these problems will go away with a new entitlement program? Huh?