In a sobering holiday interview with C-SPAN, President Obama boldly told Americans: "We are out of money."C-SPAN host Steve Scully broke from a meek Washington press corps with probing questions for the new president.
SCULLY: You know the numbers, $1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money?
OBAMA: Well, we are out of money now.
full interview here. Start at 13.20 for this piece
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Well, the First World was fun.
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