I liked The Economist's treatment of last night's address by President Barack Obama, especially this paragraph.
A theme that permeated the speech was rapidly rising national debt, following the budget-busting $787 billion stimulus that Mr Obama just signed. "Everyone in this chamber-Democrats and Republicans-will have to sacrifice some worthy priorities for which there are no dollars. And that includes me," Mr Obama said. But he has yet to say what he is prepared to sacrifice. He still plans to expand publicly financed health care, make permanent tax credits to the majority of workers, expand college assistance and invest in alternative energy.Hmmm, what is the huge part of the federal budget missing from that list of expansion projects? Let me think ... I know!
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