about the raids, the people that were hurt the worst by the zero interest rates, president obama had an economy that was the worst come back since the great depression and you ve all heard that. remember, he was playing with zero interest money. he was playing with funny money. that s easy. i am playing with fairly expensive money. when he does that, the people the benefit are the people that actually, in their whole life, they would save ten, 15, 20% of their salary and put it in the bank. those people got killed because they put the money in the bank. there was no interest. now those people are starting to get interest and those are the people frankly that deserve, they did a great job. the people that did it right, the people that did the best job got hurt the most. so in one sense, i like it basically i am a low interest rate person, i hate to tell you. go ahead. reporter: mr. president, you have another meeting
and one of the things that is nice about the rates, the people that were hurt the worst by these zero interest rates, you know, when president obama had an economy that has it was the worst comeback since the great depression and you ve all heard that, but remember, he was playing with zero interest money. he was playing with funny money, that s easy. i m playing with fairly expensive money. so when he does that, the people that benefit are people that actually in their whole life they would save 10, 15, 20% of their salary. those people got killed because they wanted to live off the interest and there was no interest. now those people are starting to get interest and those are the people frankly that deserve to they did a great job. the people that did it right, the people that did the best job got hurt the most. in one sense i like it but basically i m a low interest rate person, i hate to tell you. yes, ma am. yes, go ahead. mr. president, you have
because congress is not going to fix this by december 31st. or raise the debt ceiling by december 31st. they will take a number of what they call recurring payments and they take that interest money and reinvest it. they won t do that. they will hold on to the money and spend it on just operating the federal government. that can be costly. it cost about a billion dollars last time to go through all of this. and it looks like we are going to go through that again. well, this debt ceiling was raised back in august of 2011. we all knew it was coming. this was inevitable. so now if we raise the debt ceiling again we will be dealing with it another time. we see no appetite for not reaching the debt ceiling, or historically or at least for a while. if you look at 2007, 2008, august, 08, it s coming up more and more often as we keep piling on more and more debt. the last three, four years, a trillion dollars plus. we are looking this year, estimates somewhere near $1 trillion in additiona
because congress is not going to fix this by december 31st. or raise the debt ceiling by december 31st. they will take a number of what they call recurring payments and they take that interest money and reinvest it. they won t do that. they will hold on to the money and spend it on just operating the federal government. that can be costly. it cost about a billion dollars last time to go through all of this. and it looks like we are going to go through that again. well, this debt ceiling was raised back in august of 2011. we all knew it was coming. this was inevitable. so now if we raise the debt ceiling again we will be dealing with it another time. we see no appetite for not reaching the debt ceiling, or historically or at least for a while. if you look at 2007, 2008, august, 08, it s coming up more and more often as we keep piling on more and more debt. the last three, four years, a trillion dollars plus. we are looking this year, estimates somewhere near $1 trillion in additiona
without oversight, it took us over a cliff and we bail them out? they used their power for the reinvestment and when they got into in a big hit, we bail out the banks with zero interest money. not linked to reinvestment. you drove people out of their homes and into poverty isy and drove the tax base down. that s a malfunction. the big five will all come on 9/11 and getting tax subsidy. the insurance without the public option and fees are rising. uninsured is increasing. people are saying hey, we need experience. we need jobs. we want to build schools. those protests as long as they are disciplined and focused and nonviolent, they will prevail. when mr. cain said of the protesters, the reason you haven t got a job is your fault, what do you say to him? the evidence runs to the