President Obama OWNS a $1.8 trillion budget deficit due to insane levels of spending on the "stimulus" package, TARP II, mortgage bailout, automobile bailout, etc...  Obama warns of higher interest rates if the USA continues to "borrow" from other countries (China).  What a crock this is!  We aren't borrowing, we are PRINTING the money.  Borrowing only adds to the national debt and will increase interest rates if rates must be raised to entice a debt sale.  PRINTING increases inflation and Obama apparently doesn't care about that.  Obama is doing both, but again proves he is clueless about basic economic theory.  Obama is clearly using the budget deficit as a scare tactic.  Health care is ruining the USA?  If that is the case, when was the last time the US Treasury had a debt auction to finance health care?  NEVER!  Obama's health care "savings" plan is all an illusion.  There will be no savings.  Just another large entitlement program requiring more tax dollars.

Update 05/14/2009:  We are screwed thanx to Obama.