So Much for 'Moral Purpose'

Summary

---

After doing nothing during his first two years in office to deal with the debt tsunami that's clearly visible on the horizon, President Obama delivered a 2012 budget plan that, as Investor's Business Daily accurately reported, "proposed spending $252 billion more in 2012 than the feds spent in 2010 -- at the height of the stimulus spending spree."

Longer run -- and worse than doing nothing -- Obama's projected budgets over the next decade add enough trillions in red ink to double the size of the incoming tsunami.

See the full content of this document

Extract

---

So Much for 'Moral Purpose'

The federal government's current $14 trillion debt averages out to approximately $50,000 per American, $200,000 for a family of four. For the half of U.S. hou...

See the full content of this document

---