"The shadow of crisis has passed," President Obama told us on Tuesday
night. “The State of the Union is strong," he added. But is it really?
If you had accumulated a debt that is more than 20 times the size of your household income, would you say your household finances were in good shape? Well, that’s where we are as a country. Under about a dozen federal entitlement spending programs, we have made promises that we haven’t been willing to pay for. In the process, we are leaving an enormous financial burden for our children and grandchildren.
So what did the President propose to do about that problem? Basically leave well enough alone and add to it. As David Jackson reported:
If you had accumulated a debt that is more than 20 times the size of your household income, would you say your household finances were in good shape? Well, that’s where we are as a country. Under about a dozen federal entitlement spending programs, we have made promises that we haven’t been willing to pay for. In the process, we are leaving an enormous financial burden for our children and grandchildren.
So what did the President propose to do about that problem? Basically leave well enough alone and add to it. As David Jackson reported:
Citing the legacy of programs like Social Security, Medicare and college aid, Obama told the GOP-led Congress that "middle-class economics works" and "these policies will continue to work, as long as politics don't get in the way."http://townhall.com/columnists/johncgoodman/2015/01/24/obama-to-the-nation-debt-debt-and-more-debt-n1947310?utm_source=thdaily&utm_medium=email&utm_campaign=nl&newsletterad=
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