Michael Reagan

Yet President Obama, who claims to be a dedicated foe of earmarks, says he'll sign that pork-laden bill because he wants the support of Congress for all the burdens he wants to put on the backs of the top 2 percent of Americans.

In his speech the President laid the blame for the budget deficit on the past administration, blithely ignoring the fact that it was his party that controlled the Congress that rolled up that deficit since winning control of Capitol Hill in 2006. They were running the show that produced that deficit and that's where the blame lies.

From now on, the blame for huge unfunded deficits, borrowing from future generations -- Sen. John McCain calls it "generational theft" -- and the economy-deadening taxation of the productive sector will lie squarely on the shoulders of Barack Obama.

Michael Reagan

Michael Reagan, the eldest son of Ronald Reagan, is heard daily by over 5 million listeners via his nationally syndicated talk radio program, “The Michael Reagan Show.”