President Barack Obama calls the $3.8 trillion budget he just sent to Congress a major step in restoring America's economic health. In fact, it's like giving a drug addict another potent dose of the narcotic to which he is addicted. The drug is debt. More empires have fallen because of reckless finances than invasion. The latest example was the Soviet Union, which spent itself to ruin buying tanks. Washington's deficit (the difference between spending and income from taxes) will reach a...
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