Difference between revisions of "Deadbeat President"
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(Created page with "A '''Deadbeat President''' is a President who goes on a spending binge and then refuses to pay the incurred debt. Many consider Barack Hussein Obama to be the first American...") |
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| − | A '''Deadbeat President''' is a | + | A '''Deadbeat President''' is a chief executive who goes on a spending binge and then refuses to pay the incurred debt. This can happen because the chief executive either is unable or, more likely, unwilling to pay the maturing debt. Many consider [[Barack Hussein Obama]] to be the first American deadbeat president because he has actually threatened to veto a debt limit increase, as illogical as that sounds. Others who may be considered deadbeat presidents are [[Hugo Chavez]] and [[Robert Mugabe]]. |
Revision as of 17:35, July 24, 2011
A Deadbeat President is a chief executive who goes on a spending binge and then refuses to pay the incurred debt. This can happen because the chief executive either is unable or, more likely, unwilling to pay the maturing debt. Many consider Barack Hussein Obama to be the first American deadbeat president because he has actually threatened to veto a debt limit increase, as illogical as that sounds. Others who may be considered deadbeat presidents are Hugo Chavez and Robert Mugabe.