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In spite of talking about freezing government spending, President Obama reminded everyone during the State of the Union just how out of touch he is about the defining issue of our time — the fiscal dysfunction that threatens to rob future generations of today’s living standards and jeopardizes the global financial system. National debt has grown by $3 trillion since Obama took office, the most rapid growth under any president since FDR’s wartime
See more here: America’s Next Financial Crisis Is Already Here
We know that the Obama administration has an odd idea of who the rich are. For more than two years, the White House and Democrats in Congress have tried to hike taxes on all those who make $250,000 a year, which is a pretty good living but hardly qualifies as one of the Four Hundred. [...]