The Messiah it appears has found the bottom of the coffer … finally.  Bloomberg Reports:

May 14 (Bloomberg) — 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.

No kidding.  You mean China and others do not want to buy up all our debt and then watch their investments shrink because the Obama plan was to print money till doomsday and inflate away the debt?  The president has been working hard to level the playing field, by making the rich poorer, not by making the poor richer.  This is the end result of inflation, everyone gets poorer.   Weimar, Germany is the object lesson.  Do you think his most Coolness studied that lesson?

Holders of U.S. debt will eventually “get tired” of buying it, causing interest rates on everything from auto loans to home mortgages to increase, Obama said. “It will have a dampening effect on our economy.”

Looks like someone can see the chickens coming home to roost.  Amen and hallaleuyah!! Praise the messiah!  He is voicing reservations!  Wahooh!  The following numbers are hair raising …

The revision for the 2010 fiscal year estimated the deficit at $1.26 trillion, up 7.4 percent from the February figure. The White House Office of Management and Budget also projected next year’s budget will end up at $3.59 trillion, compared with the $3.55 trillion it estimated previously.

I am sure the $17B in spending cuts will save the economy.  Then there is the $2T in saving that was fabricated “savings” by saying that the Iraq war would run till 2019, and will cost $180 billion per year.  What a joke.  Obama has increased spending $1T per year in his first 100 days in office.  The biggest joke here is the President’s party voted for the spending without reading the bill.

Where will this end?  Who knows.  We are on our way to borrowing 48 cents out of every dollar spent by the government.  While this certainly is change, is this what the country was hoping for?