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The State of the Union: Broke

By Robert Robb - January 29, 2011

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If President Barack Obama were being candid, he would have begun his speech on Tuesday as follows: "The state of our Union is ... we're broke." However, it is clear that Obama does not regard the financial condition of the federal government as the most important challenge facing the country. Instead, he regards additional government actions and spending to improve our global competitiveness as...

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