The Obama Administration is Completely Out of Touch.

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Another indicator that the Obama administration is completely out of touch is that his administration (read: President Obama) is currently considering putting nearly a dozen nearly pristine landscapes, some larger than the state of Rhode Island, under protection as National Monuments.

With what money? How are we going to pay for this? China has been divesting itself of our bonds and treasuries to the point that Japan is now the biggest foreign holder of U.S. debt. When U.S. debt securities went on the selling block earlier this year, the FED ended up buying most of them. The fearsome specter of higher interest rates being placed on our debt to cover the risk of default is raising it's head over the horizon.

We can't even spend the Stimulus money properly! I just wrote another article today where the Energy Department project to improve energy-efficiency in homes has spent roughly 500 million dollars on 9100 homes. That's over 50,000 per HOUSE!

Our politicians need to dial in on the fact that we must get our Federal fiscal house in order. And that means that their precious social agenda has got to take a back seat to deficit spending reduction and real progress towards reducing the national debt.