* State of the Union will be known as delusional once the collapse comes.
* Congressional Budget Office upgrades this year’s deficit projection by $400 billion. (So much for Obama’s $100 million cut.)
* President’s central planning — education, high speed trains, etc. — is wasteful central planning. No one knows future.
* Fed voted unanimously to do more of the same: quantitative easing, 0% interest. Full steam ahead on financial suicide. Fed printing will soon eclipse tax revenue.
* Government panel on financial crises was a complete farce. Financial crises was used as excuse to grow government. Concluded housing bubble *not* caused by Freddie, Fanny, low interest, government forcing banks to make bad loans. Panel concluded instead it was a lack of regulation.
(Here the NY Times gives voice to the inquiries fraudulent findings.)
Jack Hunter notes the response to the State of the Union, and the palpable shift of conservative rhetoric away from war and toward fiscal sanity:
See also, Visualizing Obama’s Budget Cut:
“The president’s team is going to take 90 days to find some way to take this [1/4 of one penny], out of that [those thousands of pennies on right].”
I think an excellent start would be firing the team.