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He's also a big-time loser who's deep in dangerous debt.
"Last night, the president spoke about our dangerous debt and his commitment to bringing it down," Senator Orrin G. Hatch, Republican of Utah, said at a news conference.
The threat of such dangerous debt dynamics is ample incentive for Mr Obama to hurry up and explain how he will tame the deficit once the recession is over.
Dangerous debt structures are characterized by a lack of granularity (front-loaded debt, or a very uneven repayment schedule), and different types of indexation (to interest rates or exchange rates).
Perhaps, as long urged in this space, the antitrust division of the Department of Justice, the F.C.C. and F.T.C. will stop supinely okaying the megamergers that feed egos and starve competition while adding mountains of dangerous debt.
After all, the two main studies providing the alleged intellectual justification for austerity — Alberto Alesina and Silvia Ardagna on "expansionary austerity" and Carmen Reinhart and Kenneth Rogoff on the dangerous debt "threshold" at 90 percent of G.D.P. — faced withering criticism almost as soon as they came out.
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The previous instance of dangerous debt-to-GDP was in 1929, when it rose to 270%, declining in the depression and afterward to 1.5-to-1 or 1.7-to-1 in the sane and stable 1950s.
If it weren't so dangerous, the debt ceiling could be admired as a politically genius tool: it allows members of Congress to spend, cut taxes and then say they're tough on debt.
The Fed is already aiming for higher unemployment by raising interest rates, and any deficit-financed counter-measures, by Yellen's logic, would just create more supposedly dangerous government debt.
While we have record annual deficits and a dangerous national debt that need to be urgently addressed, defaulting on America's mortgage is not the way to do it," he said.
Providing a contrast is Khaldi's entrepreneurial girlfriend (a magnetic Amna Ilyas), who makes handcrafted soaps and is motivated to be a success at home, chastising Khaldi about his belief that easy fortune is only one possibly dangerous or debt-incurring migration away.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com