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Obama's April Fools Joke

psweeney Wrote: Apr 13, 2013 5:46 PM
Here is my big concern about Obama's $3,000,000 cap on my IRA. Thanks to Ben Bernakes's quantitative easing, my money is worth less daily, so in 20 years, my money would be worth 1/4 of today's value. Applying Obama's often touted fairness test, how is that "fair"?
When President Obama declared April to be “National Financial Capability Month” and described plans for his administration to teach young people “how to budget responsibly,” it was easy to mistake the announcement for a Stephen-Colbert-style April Fools’ prank.

But the President’s designation of April as a month of fiscal responsibility was made with a straight face, as he explained, "Together, we can prepare young people to tackle financial challenges–from learning how to budget responsibly to saving for college, starting a business, or opening a retirement account.” In light of Obama’s budget finally being released this week, much can be learned...