Out of the White House comes a Presidential Proclamation that seems totally appropriate for the first of April – except it's not a joke. Barack Obama officially proclaimed the entire month of April as National Financial Capability Month. Among the many ironies of this announcement is the key initiative: To teach young Americans "how to budget responsibly."
No kidding! Budgeting responsibility help from the President that is two months late in complying with federal law that requires him to submit a budget to Congress by the first Monday of February each year? And, whose recent budgets have failed to garner a single vote even from Congressional Democrats?
"I call upon all Americans to observe this month with programs and activities to improve their understanding of financial principles and practices," said the proclamation. Let's hope this applies to the guy at 1600 Pennsylvania Avenue, too.
The Master of Audacity also said, "My Administration continues to encourage responsibility at all levels of our financial system." Twenty-one federal agencies have been mobilized to offer advice and counsel to the average Jane and Joe American that may be gullible enough to turn to the federal government for help in getting their personal financial house in order.
As CNS News explained in commenting on National Financial Capability Month, the share of the national debt for each American household has increased $53,377 since Obama took office. More than $6.1 trillion has been added to the total national debt for the same period.
You really can't make this stuff up. Truth is stranger than fiction.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 23rd, 2014 | John Ransom
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 22nd, 2014 | John Ransom