“I call upon all Americans to observe this month with programs and activities to improve their understanding of financial principles and practices,” [President] Obama said in an official proclamation released Friday... “My Administration is dedicated to helping people make sound decisions in the marketplace,” he said.
...The proclamation on the White House website links to two other government websites: the site for the Consumer Financial Protection Bureau, and MyMoney.gov, which includes materials from 21 federal agencies.
Listed among the “popular topics” on MyMoney.gov is “Managing Debt and Credit,” which includes a link to a page on the Federal Reserve’s website called “Getting the most from your credit card.” Tip 2 on that page is: “Stay Below Your Credit Limit.”
When Obama was inaugurated on Jan. 20, 2009 [the debt of the United States has increased about 60 percent or] $6,140,111,383,879.54... That means that under Obama the federal debt has increased $53,377 for each one of the 115,031,000 households the Census Bureau says there are now in the United States...
As an aside, the President is required by law to submit a proposed budget for the upcoming fiscal year during the first week of February. He is two months late in doing so... and counting.
"Sound decisions" indeed. If you're of the Cloward-Piven School, that is.
Hat tip: BadBlue News.
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