Fiscal Responsibility

February 23rd, 2009

We’ve never been in a position like this. American families are now responsible for more federal debt than at any other point in our history, and the market is not happy with President Obama’s economic plans.

The Dow Jones industrial average and the S&P 500 slumped to a 12-year low on Monday on fading confidence that the U.S. government will be able to stabilize the financial system.

All of this while President Obama convened his “fiscal responsibility” summit. I kid you not.

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