Obama: Too Much Debt Could Erode Confidence

In today's irony file, Obama says that too much debt would not be a good thing for the U.S. economy.

"It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession," he said.

Why anyone takes this guy seriously anymore is beyond me.